We're excited to announce that Squads, the smart account standard for the SVM, is planning to integrate with Jito's new restaking platform for their upcoming Squads Policy Network (SPN), a decentralized network designed to enhance the functionality of Squads Protocol on Solana and the SVM.
The SPN will enable granular and general-purpose transaction policies for smart accounts, providing advanced security and flexibility for digital asset management. The SPN will coordinate and incentivize network diversity, reliability, and performance by integrating Jito (Re)staking.
This partnership marks another significant milestone for Jito (Re)staking. By combining Squads' smart account expertise with Jito's restaking infrastructure, we're showcasing the potential for innovative use cases that can enhance the security and functionality of decentralized networks across the Solana ecosystem.
For more details on this collaboration and the Squads Policy Network, please read Squads' full announcement.
Projects interested in building on the Jito (Re)staking platform are encouraged to contact us through this form. This includes NCNs, VRTs, and node operators.
About Jito (Re)staking:
Jito (Re)staking is a multi-asset staking protocol for Node Consensus Networks. The protocol tokenizes staked assets as Vault Receipt Tokens for enhanced liquidity and composability. Node consensus networks can use Jito (Re)staking to easily customize staking parameters, slashing conditions, and economic incentives to tailor their security and tokenomics.
About Squads:
Squads Protocol is Solana's smart account standard that secures $10+ billion in value. Teams, individuals and developers use Squads to leverage smart accounts to upgrade how they transact, manage and own digital assets. With Squads, businesses can deploy a smart account, configure it to satisfy their security and organizational requirements, and then use it to manage a wide range of onchain assets such as their treasury, program upgrade authorities, admin keys, tokens and validator keys.