Jito February Month In Review
Introduction
This monthly roundup covers all February announcements including a look into TipRouter one month post-launch, The Grid Hackathon winners, new Jito Cabal Telegram Game, and much more!
Interested in having your posts featured in the Community Spotlight section in this blog? Make sure to tag @jito_sol when sharing your content on X.
February Highlights
- TipRouter NCN Update
- The Grid Hackathon
- Ecosystem Announcements
- New Governance Proposal
- Jito Cabal Telegram Game
- Midcurve Interviews
- Community Spotlight on X
TipRouter
Following a successful launch on January 30, 2025, >$284k in rewards have been distributed to stakeholders using the first Node Consensus Network (NCN) on Jito (Re)staking, the TipRouter NCN. To date, Jito (Re)staking has accumulated $227.03 million in TVL across nine VRTs; ezSOL ($86.2M), fragSOL ($77.5M), kySOL ($40.8M), fragJTO ($10.8M), kyJTO ($6.7M), ezJTO ($5.0M), bzSOL ($27.2K), rstSOL ($3.1K), and dmSOL ($2.5K).
Jito (Re)staking NCN, Switchboard, is building a unique oracle solution leveraging restaking to make on & off-chain data easily accessible to Solana developers. Their oracle services enhance economic security through multi-tiered slashing and customizable staking parameters while improving data feed performance via NCNs. As a trusted partner, Switchboard's oracles also help secure and decentralize MEV tip distribution through the TipRouter NCN, strengthening the overall Jito ecosystem.
The Grid Hackathon
Final Battle of The Grid Hackathon, between the 5 remaining teams, took place on February 12, 2025 via X livestream (link above)! To recap, over the past two months, 12 teams participated in workshops & pitching sessions with Jito Labs contributors, including Lucas Bruder (co-founder and CEO of Jito Labs) and Zano Sherwani (co-founder and CTO of Jito Labs).
The Grid Hackathon Winners 🎉
• 1st - Sponge: first investment index LST on SVM
• 2nd - Windexer: decentralized data streaming
• 3rd - Windfall: win the game, own the yield
Ecosystem Announcements
Fragmetric
Fragmetric launched wrapped versions of fragSOL and fragJTO! This now enables stakeholders to earn additional rewards through trading fees, staking, and Jito (Re)staking TipRouter NCN. During the month, Kamino is distributing 7k JTO across both liquidity vaults. That is, 5k JTO to fragSOL-JitoSOL and 2k JTO to fragJTO-JTO. In addition to this, stakers can also earn F Points through Fragmetric's ongoing points campaign.
MagicBlock
MagicBlock announced plans to integrate Jito (Re)staking, enhancing security for real-time decentralized applications on Solana. MagicBlock is a real-time network extension that enables developers to build performant & fully onchain applications. With this restaking integration, it will enable Ephemeral Rollups to leverage the Jito (Re)staking multi-asset framework for improved security features and programmatic stake delegation.
Eclipse
The JitoSOL ecosystem continues to expand, now with a new bridge to Eclipse Network! Users can bridge their JitoSOL tokens to Eclipse Network in order to "grow grass" while maintaining staking & MEV rewards. See announcement link above for invite codes (or tag @jito_sol on X to request more). Tap in anon!
Governance
On February 11, 2025, JIP-14: Reaffirmation of the Security Council for a 12‑Month Term, was shared with the community on the Jito Network forum. The proposal reaffirms current Jito Security Council members for another 12-month term as required by Bylaws and Constitution.
Jito Cabal Telegram Game
On February 20, 2025, the Jito Cabal officially launched. The game is simple, 200 players compete against each other. Every week, 20 members are purged while 20 new ones are added, with regular challenges determining who stays and who goes. Interested? Fill out the waitlist linked above.
Midcurve Interviews
Introducing the Jito Learn and Whiteboard Series!
Jito Learn Series:
- What is Jito (Re)staking | Part 1
- What are VRTs | Part 2
- How does JitoSOL work?
- How do Jito Tips work?
- Changing Solana Economics
Whiteboard Series:
Subscribe on the Midcurve YouTube channel and turn on notifications!
Hardhat Chad
The 35th episode of Midcurve Podcast featured none other than @HardhatChad. Conversation covers bringing proof of work mining to Solana and how Ore initially "broke the chain". He explains how liquid digital gold on Solana works, how anyone can mine with just their laptop, and how Ore has built such a passionate community.
The 34th episode of Midcurve Podcast featured a returning guest, Gordon Grant. He is a derivatives trader and former head of Genesis' regulated derivatives business. Conversation dives into the current state of crypto, Solana, and the impact of memecoins.
The 33rd episode of Midcurve Podcast, “From Ideology to Innovation”, featured Jed Leggett (Backend Engineer at Jito Labs). Jed shares his path from working on high-speed cameras for rocket engine testing at a NASA facility to being a Backend Engineer focused on the Block Engine at Jito Labs. Episode covers his experiences scaling systems at Jito through rapid growth, and his personal life as a hobbyist cattle farmer!
Jito Community on X
