January 31, 2025 • 5 minute reading time

Jito January Month In Review

Jito Foundation
Twitter
Link
Solana HFT

Introduction

What a start to the new year! Truth is, not sure what else to write other than an incoming president launched a memecoin on Solana. What a time to be alive. This monthly update covers all of January’s announcements including the long awaited TipRouter NCN launch and opening of Jito (Re)staking deposits, to name a few. 

Let’s dive in anon.

January Highlights

    • TipRouter NCN
    • Jito (Re)staking Deposits Opening 
    • Ecosystem Announcements
    • Governance Votes & Discussion
    • Interview Spotlight 
    • Jito Community on X

TipRouter NCN

Read the newly published “What is Jito TipRouter” blog article: https://www.jito.network/blog/what-is-jito-tiprouter/

The Jito Foundation is incredibly excited to share that the TipRouter NCN officially launched on January 30, 2025! This is a major milestone for the Jito ecosystem, allowing the decentralized redistribution of tips via the first Node Consensus Network (NCN) on Jito (Re)staking. 

The TipRouter NCN will distribute these tips, generated from blockspace auctions, through the Jito-Solana validator client.

TipRouter will route a 3% fee from tips, split as follows:

• 2.7% to Jito DAO Treasury

• 0.15% to JitoSOL vault stakers

• 0.15% to $JTO vault stakers

Jito (Re)staking

Jito (Re)staking deposit caps fully removed: https://x.com/jito_sol/status/1883908187239092654

Jito (Re)staking deposit caps were fully removed on January 27th, 2025! 

Stakers who deposit into any of the available vaults will receive a Vault Receipt Token (VRT) in return. What is Jito (Re)staking? The Jito (Re)staking platform enables protocols to launch Node Consensus Networks (NCNs), streamlining infrastructure security while reducing costs and time to market. It also ensures a fair and secure distribution of this value to stakers. 

Full list of Jito (Re)staking Vaults: https://www.jito.network/restaking/vaults/

The Grid Hackathon

The Grid A Jito x Superteam Hackathon: https://x.com/jito_sol/status/1874889117344899565

The team hit the ground running in the new year, launching the first hackathon on January 2nd, 2025. See the announcement video here: https://x.com/jito_sol/status/1874889117344899565. The Grid - Jito x Superteam Hackathon launched in partnership with Superteam APAC, Vietnam, and Japan to find the top teams building on Jito (Re)staking. 

On January 21st, Round 1 took place with a total of 12 teams featuring a variety of protocols building with Jito (Re)staking. 

Top 5 teams advancing to the final round:

• Kamui (VRT oracle)

• Sponge (investment index for LSTs)

• Windfall (gamified finance)

• wIndexer (decentralized data streaming network)

• Naruto (multi-deposit restaking vault)

Local track winners include:

• HiveFi (decentralized multi-manager hedge fund)

• Tokyo Stupid Games (RWA-powered prize games)

• Gaian (future yield)

Stay tuned for the final round happening on February 12, 2025!

Governance

MetaDAO’s “Should JTO vault be added to TipRouter NCN” decision market passed: https://x.com/jito_sol/status/1878894955499774411

On January 18, 2025, the first Jito futarchy decision market went live on MetaDAO, and after 150 trades and $84,000 in trading volume, it passed! This decision market approved the addition of a JTO Vault to the TipRouter NCN as outlined in JIP-10: Decision Market on Whether to Adopt JTO in the TipRouter NCN (Protocol Development) and as mentioned earlier, the TipRouter NCN officially went live on January 30, 2025.

JIP-13: 2025 incentive budget vote passed: https://x.com/jito_sol/status/1881715110122602989

Mid-January the Jito DAO voted and approved JIP-13, which proposed the 2025 incentive budget of 14M JTO. The proposal also provided a retroactive analysis of the 2024 budget performance. For a look at last year’s results, refer to the forum post: https://forum.jito.network/t/jip-13-2025-incentive-budget/516 

January was a busy month for governance updates. In total there were four proposals voted and approved by the Jito DAO, including:

• JIP-10: Decision Market on Whether to Adopt JTO in TipRouter NCN

• JIP-11: Discussion, Voting, and Cooldown Window Amendment

• JIP-12: JTO Vault Parameters Proposal

• JIP-13: 2025 Incentive Budget

Ecosystem Announcements

Metaplex Earn Season 1 announcement: https://x.com/jito_sol/status/1883930504359010337

On January 27, 2025 the Metaplex team announced their Earn Season 1 campaign in collaboration with Kamino, Orca, Forgd, and the Jito Foundation! The 2-month long campaign will bring up to $280,000 in rewards for MPLX-JitoSOL vault depositors on Kamino. 

P2P announced a Jito (Re)staking partnership: https://x.com/jito_sol/status/1882438460587589682

P2P launched their bbSOL Vault on Jito (Re)staking, with deposits going live in tandem with the wider deposit opening on January 27th, 2025. Stakers who deposit into the bbSOL Vault will mint rstSOL, a Vault Receipt Token (VRT), helping to secure & decentralize the network while earning rewards.

Demether launched on Jito (Re)staking: https://x.com/DemetherDeFi/status/1882727921946910966

The Jito Foundation announced a (Re)staking partnership with Demether. Using the Jito (Re)staking platform, Demether launched demSOL and dmSOL. Stakers deposit dmSOL, a LST, and mint demSOL, which is an omnichain VRT.

Coinbase Institutional

Full webinar available here: https://www.coinbase.com/institutional/research-insights/media/webinars/webinar-the-evolution-of-liquid-staking-2025

Co-founder and CEO of Jito Labs, Lucas Bruder, joined Roy Learner (Partner at Framework Ventures) to explore the evolution of liquid staking. Lucas provides an in-depth overview of proof-of-stake, liquid staking, restaking and its use-cases. Hosted by Coinbase Institutional, the webinar also touches on how Prime Onchain Wallet empowers institutional staking.

Midcurve Films

TipRouter NCN homepage: https://www.jito.network/restaking/tiprouter/ 

Learn how the TipRouter NCN works with a bit of that Midcurve flare. The full video is available on the TipRouter homepage (here).

Full livestream on the Midcurve YouTube: https://www.youtube.com/watch?v=CskFarEZd-o

Long-time Midcurve guest, Faraj Mayan, co-founder of Forma and former founding team member of Buildspace, came back to chat about building on Solana. First ever Midcurve livestream covers everything from idea creation and advice for builders, to restaking use cases and much more. 

Jito Community on X

https://x.com/aeyakovenko/status/1881155454539374840 - Toly showing Jito love after Trump’s memecoin wrecked havoc and caused the Jito Block Engine to experience degraded performance.

https://x.com/Shoalresearch/status/1876699497293865352 - @Shoalresearch wrote a deep dive on Jito (Re)staking. 

https://x.com/EclipseFND/status/1878820460747731247 - @EclipseFND wrote a deep-dive on the Jito Network!

https://x.com/jito_sol/status/1881785079522861325 - The Jito Foundation is looking for animators!

https://x.com/justinknox__/status/1881823627148136934 - The grind never stops! The Jito boys NY edition.