{"id":25804,"date":"2024-07-25T23:30:41","date_gmt":"2024-07-25T20:30:41","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25804"},"modified":"2024-07-25T18:43:01","modified_gmt":"2024-07-25T15:43:01","slug":"jito-offers-open-source-restaking-service-for-solana","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/jito-offers-open-source-restaking-service-for-solana\/","title":{"rendered":"Jito Offers Open Source Restaking Service for Solana"},"content":{"rendered":"

This yet-to-be-implemented codebase allows any Solana-based protocol to leverage any asset for its economic security.<\/p>\n

Solana’s progress towards restaking took a big step forward on Thursday. Infrastructure project Jito Foundation has published the codes of the network’s first staking and restaking program. Restaking theoretically allows blockchain networks to use the value of other staked assets as a form of collateral to ensure they remain honest.<\/p>\n

Might interest you: OKX Wallet Integrates with Solana\u2019s Solayer for Enhanced User Experience<\/a><\/em><\/p>\n

Jito’s code, which has not yet been audited, should allow any protocol developing on Solana to build economical security provisioning for virtually any on-chain application or “active authenticated service” (AVS). Specifically, Jito’s code allows users to secure AVS using any crypto asset they choose.<\/p>\n

Jito’s restaking model differs from the version popularized by EigenLayer on the Ethereum network, which limits collateral to only ETH, certain ETH derivatives, and the platform’s native EIGEN tokens.<\/p>\n

\u201cThe flexibility and customization provided in this architecture will be particularly beneficial to AVSs, which are the most important customers of these systems,\u201dLucas Bruder, a contributor to Jito Network said.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This yet-to-be-implemented codebase allows any Solana-based protocol to leverage any asset for its economic security. Solana’s progress towards restaking took a big step forward on Thursday. Infrastructure project Jito Foundation has published the codes of the network’s first staking and restaking program. Restaking theoretically allows blockchain networks to use the value of other staked assets<\/p>\n","protected":false},"author":6,"featured_media":18378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2842,7618,7619,319,7617],"class_list":["post-25804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-jito","tag-jito-solana","tag-jito-solana-restaking","tag-solana","tag-solana-restaking"],"yoast_head":"\nJito Offers Open Source Restaking Service for Solana - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/jito-offers-open-source-restaking-service-for-solana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jito Offers Open Source Restaking Service for Solana - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"This yet-to-be-implemented codebase allows any Solana-based protocol to leverage any asset for its economic security. 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