Gm friends,
Welcome back to another Wealth Mastery Premium Investor Report.
Let’s jump in!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on Jito Network’s unlimited staking power.
For any crypto related questions please comment on the website.
Lark’s Portfolio Updates
Buys and Sells
No updates this week
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
BUY
- N/A
SELL
- Ethereum $4,800
TO SEE MY FULL PORTFOLIO, CLICK HERE
Jito Network – Unlimited Staking Power
Jito doesn’t care much for filler. Working alongside The Best Solana Project Kamino Finance, and others like Orca, Meteora, Raydium, Drift, MarginFi, Solend, Mango, and even Euphrates. An Acala/Polkadot-based protocol. This signifies that even protocols operating completely outside the Solana Ecosystem want to leverage the strength of Jito.
That’s because the amount of value locked into JitoSOL is so much bigger than you’d expect. With 84% of all staked SOL represented by the JitoSOL token. This means there’s more SOL liquidity captured on Jito Validators than on Solana. Not by just a small amount either. Showcasing how undeniably important Jito Networks’ position is in the Solana Ecosystem.
What is Jito Network?
Based in Arlington Virginia, The Jito project started back in 2021 with a $12 million investment from Solana CEO Anatoly Yakovenko, Solana Ventures, Delphi Capital, Multicoin Capital, Framework Ventures, and Alameda Research (Yuck).
Aside from that tiny imperfection. Jito’s had very little stopping its rise to the top of the Solana food chain. That’s because Jito’s focus wasn’t being a “staking” product as much as a value extraction tool. With the founders of Jito Labs making MEV their entire purpose of operation. As for what Jito actually does, that part is slightly less obvious. Let’s break it down.
With 13.3 million SOL being locked into Jito and turned into JitoSOL. Jito extracts value by bundling transactions together to save users money and lower the risk of front-running. This helps increase the amount of MEV (Maximal Extractable Value) on Solana by removing the funds normally stolen by bad actors and giving them back to real users.
To do this, Jito Network focuses on three major entry points that are normally exploited by front-runners. Starting with Validators, the Jito Network enables those who help secure Solana to earn up to three times more running a Validator on Jito than directly on Solana. This is why we now have considerably more Validators running staked JitoSOL than ever before.
Searchers help bundle Solana transactions together and send this information to Validators. Helping to separate the two functions from one another. Running a special block engine integrated with the Jito-Solana validator client. This provides searchers with the first MEV infrastructure on Solana.
Known as Stakenet, Jito Networks brings everything together in an easy-to-access dashboard. Allowing those moving the Jito ball forward to monitor all activity on the network and take full advantage of these infrastructure tools to extract incredible value….
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
