The cryptocurrency community is abuzz with the launch of Jito, a liquid staking derivatives platform on the Solana blockchain. Binance and Coinbase are set to list Jito, with a delay in Binance's listing. Jito's launch has led to significant airdrops of JTO tokens, with some users receiving windfalls. The platform is being compared to Lido and Flashbots, and its potential impact on Solana's ecosystem is being debated. The JTO-SOL pool on Raydium offers substantial rewards, and the Kamino Finance boosted JTO/JitoSOL liquidity pool is almost full.
The @Kamino_Finance boosted JTO/JitoSOL liquidity pool is almost full $5.92M out of $6M right now https://t.co/8poTboDZoz
Assets staked: @LidoFinance vs. @jito_sol https://t.co/5zSN4jmLpK
Jito is Lido + Flashbots and a call option on future Soylana MEV https://t.co/FgR6p6819R
🥳Solana DeFi users celebrate five-figure windfalls as liquid staking protocol @jito_sol airdrops $160M of JTO tokens🪂 Read more: https://t.co/WJaj8NW4wv https://t.co/VnCnAdLZyn
Jito literally dropped $10K USD to people who staked as little as a couple of SOL. The wealth transfer to the people is real. Incredible.
BREAKING: @solana-BASED $JTO (@jito_sol) GOES LIVE ON @coinbase https://t.co/PUAioJy56n
BREAKING: @solana-BASED $JTO (@jito_sol) IS NOW CLAIMABLE FOR ELIGIBLE WALLETS https://t.co/xu4xFaMCEM
Simplified explanation of Jito for Ethereum folks: If Lido and Flashbots made a baby, Jito would be that baby.
Jito flipping lido is a natural consequence of solana being faster
Another big day for Solana☀️ The @jito_sol community is in the know already but ICYMI, today is the $JTO launch! For launch week, the JTO-SOL 1% fee tier CLMM pool will have 80,000 $JTO + 2,000 $RAY in rewards! 😎 Things kick-off pretty much right NOW on Raydium! https://t.co/lA2NU1CcYs
If jito is the new serum, it should trade at a higher FDV than solana
BREAKING: @binance TO POSTPONE @solana-BASED $JTO (@jito_sol) LISTING TO 2023-12-07 16:30 (UTC) - IT HAD BEEN ORIGINALLY SET AT 2023-12-07 16:00 (UTC) https://t.co/u2p9gfj6b1
Jito is the most important technological development in cryptocurrencies since Dydx (assuming it trades anywhere near where premarket IOUs are) Incredibly underfarmed, mostly because almost nobody was using solana more than 1-2 months ago
If Jito takes down Solana is that bullish or bearish?
If Jito takes down Solana is that bullish or bearish m?
BREAKING: @binance TO LIST @solana-BASED $JTO (@jito_sol) AT 2023-12-07 16:00 (UTC) https://t.co/vbq9PRbzq3
Jito is literally flashbots but with a token and on a chain that goes faster
Jito is the most ambitious incredible technology we have ever seen before. There has never before been liquid staking derivatives on solana