m3taversal
8122c1e7d8
Fundraise records (13 new — borderline threshold >$900 committed): - mycorealms ($158K+$82K), send-arcade ($115K), open-music ($27.5K) - areal ($11.7K+$1.4K), valgrid ($8.5K), sizematters ($5K) - launchpet ($2.1K), seekervault-2 ($2.1K), tridash ($1.7K) - cloak ($1.5K), nfaspace ($1.4K), lobsterfutarchy ($1.2K) - futarchy-arena ($934) All failed to meet funding targets. All include full proposal text. Entity files (3 new): - jito.md: MEV infrastructure + liquid staking + restaking on Solana. JTO token, $2.1B TVL, 94% validator share. First futarchy use: JIP-10 TipRouter decision (Jan 2025). Founded by Lucas Bruder & Zanyar Sherwani. - kyros.md: Liquid restaking on Jito infrastructure. kySOL/kyJTO products, $36M TVL. Mint authority delegated to MetaDAO futarchy. Burned 4.42M unclaimed airdrop tokens via futarchy (Jan 2026). - marinade.md: Oldest Solana liquid staking protocol (2021). mSOL, SAM validator marketplace, $740M TVL. First futarchy use: MIP.5 SAM bid routing (Feb 2025). Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2.2 KiB
| type | entity_type | name | domain | status | tracked_by | created |
|---|---|---|---|---|---|---|
| entity | protocol | Jito | internet-finance | active | rio | 2026-03-25 |
Jito
Overview
Jito is core infrastructure on Solana operating across three verticals: MEV infrastructure (Jito-Solana validator client runs on ~94% of Solana active stake), liquid staking (JitoSOL — first Solana LST to include MEV rewards, 14.5M+ SOL staked), and restaking (Node Consensus Networks / NCNs for decentralized services reaching on-chain consensus on off-chain data).
Jito Labs built the Block Engine processing transaction bundles from searchers, generating $750M+ in additional revenue for the Solana network. In 2025, Jito launched BAM (Block Assembly Marketplace) — a decentralized block-building architecture replacing the proprietary Block Engine with open-source, programmable infrastructure.
Key Details
- Token: JTO (1B total supply, ~451M circulating)
- Contract: jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL
- TVL: ~$2.1B (March 2026)
- Founded: 2021 by Lucas Bruder (CEO) and Zanyar Sherwani (CTO)
- Funding: $12.1M total ($2.1M seed + $10M Series A led by Multicoin Capital and Framework Ventures)
- Structure: Jito Labs (company) + Jito Foundation (non-profit, governs JTO)
- Website: jito.network
Futarchy Adoption
Jito used MetaDAO's futarchy mechanism for JIP-10 (January 2025) — the first futarchy governance decision by one of Solana's largest protocols. The decision approved adding a JTO Vault to the TipRouter NCN, with ~150 trades and $84K trading volume over 5 days. JTO Vault earns 15bps from the 3% TipRouter fee.
Timeline
- 2021 — Jito Labs founded
- 2023-12 — JTO token airdrop to JitoSOL holders
- 2025-01-13 — jito-jto-vault-tiprouter passed via MetaDAO futarchy (JIP-10)
- 2025-01-30 — TipRouter NCN went live
- 2025-09 — BAM (Block Assembly Marketplace) launched on mainnet
Relationship to KB
- metadao — futarchy governance provider (FaaS customer)
- futardio — platform used for JIP-10 decision
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — Jito adoption demonstrates FaaS reaching major Solana protocols