Jito Dictionary
LST (Liquid Staking Token)
A token representing staked assets that can be traded or used in DeFi while still earning staking rewards.
JitoSOL
Jito Network's liquid staking token for Solana, offering staking rewards plus MEV rewards.
Liquid Staking
The process of staking crypto assets while maintaining liquidity through a receipt token.
Restaking
Using staked or liquid staked assets to secure additional protocols and services such as oracles and L2 blockchains, potentially earning extra rewards.
Jito (Re)staking
Jito Network's protocol for multi-asset staking and restaking, supporting various SPL tokens and offering fully customizable parameters.
VRT (Vault Receipt Token)
A token representing assets deposited in a Jito (Re)staking vault.
NCN (Node Consensus Network)
A network of nodes that reach consensus to provide a specific service or validate transactions.
MEV (Maximum Extractable Value)
Profit opportunities attributable to the specific ordering of transaction execution.
Vault
The program in Jito (Re)staking that holds staked assets and issues VRTs.
Slashing
A penalty mechanism in proof-of-stake systems where validators lose a portion of their stake for malicious or negligent behavior.
Jito-Solana
A fork of the Solana Labs validator client that includes MEV extraction infrastructure.
Staking
The process of locking up crypto assets to support a proof-of-stake blockchain network's operations and earn rewards.
Validator
A node in a proof-of-stake network responsible for validating transactions and maintaining network consensus.
SPL Token
The standard token format on the Solana blockchain, similar to ERC-20 on Ethereum. SPL tokens can represent various assets and are used in Solana-based applications and DeFi protocols.
Node Operator
An individual or entity that runs and maintains a node on a blockchain network, such as Solana. Node operators play a crucial role in validating transactions, maintaining network security, and often earn rewards for their services.