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>
40 lines
2.2 KiB
Markdown
40 lines
2.2 KiB
Markdown
---
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type: entity
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entity_type: protocol
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name: Jito
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domain: internet-finance
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status: active
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tracked_by: rio
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created: 2026-03-25
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---
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# Jito
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## Overview
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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).
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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.
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## Key Details
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- **Token:** JTO (1B total supply, ~451M circulating)
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- **Contract:** jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL
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- **TVL:** ~$2.1B (March 2026)
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- **Founded:** 2021 by Lucas Bruder (CEO) and Zanyar Sherwani (CTO)
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- **Funding:** $12.1M total ($2.1M seed + $10M Series A led by Multicoin Capital and Framework Ventures)
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- **Structure:** Jito Labs (company) + Jito Foundation (non-profit, governs JTO)
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- **Website:** jito.network
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## Futarchy Adoption
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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.
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## Timeline
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- **2021** — Jito Labs founded
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- **2023-12** — JTO token airdrop to JitoSOL holders
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- **2025-01-13** — [[jito-jto-vault-tiprouter]] passed via MetaDAO futarchy (JIP-10)
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- **2025-01-30** — TipRouter NCN went live
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- **2025-09** — BAM (Block Assembly Marketplace) launched on mainnet
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## Relationship to KB
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- [[metadao]] — futarchy governance provider (FaaS customer)
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- [[futardio]] — platform used for JIP-10 decision
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — Jito adoption demonstrates FaaS reaching major Solana protocols
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