Jito Releases Open-Source Restaking Service for Solana
- bhoomisinghal0
- Jul 26, 2024
- 1 min read
Solana's march toward restaking took a big leap Thursday, with infrastructure project Jito Foundation releasing the code for a staking and restaking program – the network's first. Restaking theoretically allows blockchain networks to utilize the value of other staked assets as a form of collateral to ensure they're staying honest. The yet-to-be-audited code from Jito should allow any protocol building on Solana to set up a mechanism for providing economic security to nearly any on-chain application, or "actively validated service" (AVS). Jito's brand of restaking differs from the version popularized by EigenLayer on the Ethereum network.
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