ON-370: Restaking 🔁
Coverage on Jito, Symbiotic, Swell and Suzaku
📝 Editor’s Note:
Welcome to OurNetwork’s latest issue. Below, we’re covering restaking, a sector of the crypto economy focused on reusing the security of staked assets to secure other projects and protocols.
A major shoutout to Hayden Tsutsui, the Symbiotic team, Reza, and Yasmin for submitting. Let’s get into it.
– ON Editorial Team
Jito | Symbiotic | Swell | Suzaku
Jito 🥩
👥 Hayden Tsutsui | Website | Dashboard
📈 Jito (Re)staking is Staking Infrastructure on Solana Upon Which Developers Can Codify Staking Mechanisms and Build Distributed Networks
TipRouter is a network on the restaking protocol, built by Jito Network. It decentralizes Jito tip and block reward distributions on Solana via a network of 12 operators and 9 vaults. Users stake JitoSOL and JTO to vaults, and vaults delegate stake to operators. There is about $200M in staked TVL. Operators calculate Jito tip and block reward distributions and vote on the outcome. For contributing to consensus, operators and their stake delegators earn a portion of the rewards.
