MEV infrastructure developer Jito announced the launch of $JitoSOL, a Solana-based liquid staking derivative that includes MEV rewards.
Users can stake $SOL to mint $JitoSOL and receive staking rewards, while get MEV fees as additional rewards.
Jito said that $JitoSOL will be integrated into the Solana DeFi ecosystem. The initial partners include Orca, Solend and Jupiter.
In August this year, Jito closed a $10m Series A funding round co-led by Multicoin Capital and Framework Ventures.