Jito to Introduce Restaking on Solana

Developers are one step closer to activating restaking on Solana with the Jito Foundation’s latest code release.

On July 25, the Jito protocol published its first code base for unlocking staking and restaking platforms on Solana (SOL). Although the code hasn’t been edited, it could potentially enable any Solana-native protocol to secure decentralized apps with any cryptocurrency.

The move would also extend to actively validated services, commonly called AVS. 

1. Announcing Jito Restaking: A Next-Gen Infrastructure PlatformThe Jito Foundation is excited to release the code for Jito Restaking, a hybrid staking, restaking, and LRT module. 🤝Wtf is that? Lets dive in. ↓ pic.twitter.com/7nDaZdnZIn

— Jito (@jito_sol) July 25, 2024

Restaking took off last year when protocols like Ethereum’s EigenLayer (EIGEN) allowed users and protocols to deploy staked digital assets on multiple networks. EigenLayer effectively advanced staking utility and economic security beyond the confines of blockchains or dapps where users originally locked their cryptocurrencies. 

Read more: Solana price steady as Franklin Templeton eyes spot ETF

Jito piggybacked off this idea but veered away from EigenLayer’s restrictions. Where EigenLayer supports only Ether (ETH), EIGEN, and ETH derivatives, Jito hopes to include a wider

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