Jito, an abbreviation for "Joint Token," functions as a liquid staking platform on Solana, offering MEV (Maximum Extractable Value) rewards to participants. This protocol enables Solana users to participate in staking, helping decentralize the Solana network by distributing staked assets across its various nodes. Users can stake SOL (the native token on Solana) on Jito, receiving JitoSOL in return.

JitoSOL not only provides staking rewards but also shares transaction revenue obtained through MEV extraction on Solana. Additionally, JTO serves as the governance token for the Jito protocol, empowering holders to actively influence the protocol's development through transparent and decentralized governance mechanisms.