Jito

Overview

Jito is a liquid staking protocol on Solana that allows users to stake SOL and receive jitoSOL tokens. This integration enables users to participate in the Solana network's consensus while maintaining liquidity through the jitoSOL token.

What is Liquid Staking?

Liquid staking refers to a process where you:

• Stake your cryptocurrency tokens to help secure the network

• Receive liquid tokens (jitoSOL) in return that represent your staked position

• Can use these liquid tokens in other DeFi applications while your original tokens remain staked

• Continue earning staking rewards on your original position

• Benefit from professional validator management

How Jito Works

1. Staking SOL

• User deposits SOL into the Jito liquidity pool

• The protocol stakes this SOL with Jito validators on Solana

• User receives jitoSOL tokens representing their stake

• Option to stake all available SOL or a specific amount

• No minimum staking period or lockup

2. Earning Rewards

• Staked SOL earns network rewards from validating transactions

• Rewards increase the value of jitoSOL relative to SOL over time

• APY is visible and updated regularly via the getApy function

• No manual claiming required - rewards automatically accrue

3. Unstaking Process

• User can unstake at any time by returning jitoSOL

• The protocol handles the unstaking process on Solana

• User receives their original SOL plus any accrued rewards

• Option to unstake all staked SOL or a specific amount

Using the Tool

To interact with Jito, use the following command formats:

For Staking:

Stake SOL to earn jitoSOL rewards with:
 - Chain name: solana
 - Amount: [AMOUNT] (use -1 to stake all available SOL)

For Unstaking:

Unstake SOL from Jito liquidity pool with:
 - Chain name: solana
 - Amount: [AMOUNT] (use -1 to unstake all staked SOL)

For Checking Stake Amount:

Get staked amount in Jito liquidity pool with:
 - Chain name: solana

For Getting APY:

View current APY for Jito staking with:
 - Chain name: solana

For Getting TVL:

View current TVL in Jito staking pool with:
 - Chain name: solana

Example:

Stake SOL to earn jitoSOL rewards with:
 - Chain name: solana
 - Amount: 10

Token Types

1. SOL (Native Token)

• Solana's native token used for staking

• Provides network security and consensus

• Required for transaction fees on Solana

2. jitoSOL (Liquid Staking Token)

• Received when staking SOL

• Represents your staked position and accrued rewards

• Can be used in other DeFi applications

• Value increases over time relative to SOL

Important Considerations

1. Staking Period

• No minimum staking period required

• Unstaking is processed on-demand

• The value of jitoSOL increases over time relative to SOL

2. Reward Distribution

• Rewards are automatically reflected in the jitoSOL/SOL exchange rate

• No manual claiming required

• The longer you hold jitoSOL, the more SOL you'll receive when unstaking

3. Validator Selection

• Jito protocol manages validator selection and delegation

• Validators are chosen based on performance and reliability

• Risk is spread across multiple validators for security

4. Liquidity Considerations

• jitoSOL can be traded or used in other DeFi applications

• Liquidity pools may have varying depths

• Exchange rate between jitoSOL and SOL reflects accrued rewards

Available Functions

• stake: Stake SOL to earn jitoSOL rewards from Jito liquidity pool

• unstake: Unstake SOL from Jito liquidity pool

• getStakeAmount: Receive user staked amount in Jito liquidity pool

• getApy: View current APY for Jito staking

• getTvl: View current TVL in Jito staking pool

Parameters for Functions

stake

Parameter	Type	Description
chainName	string	Must be "solana"
amount	string	Amount of SOL to stake. Set to "-1" to stake all user SOL

unstake

Parameter	Type	Description
chainName	string	Must be "solana"
amount	string	Amount of SOL to unstake. Set to "-1" to unstake all staked SOL

getStakeAmount, getApy, getTvl

Parameter	Type	Description
chainName	string	Must be "solana"

Example Prompts:

• "HeyAnon, please stake 10 SOL with Jito"

• "HeyAnon, please unstake all of my JITOSOL"