Developers are making progress towards enabling restaking on Solana with the Jito Foundation’s latest code release.

On July 25, the Jito protocol unveiled its first code base aimed at unlocking staking and restaking platforms on Solana. While the code is still unedited, it holds the potential to allow any Solana-native protocol to secure decentralized apps using any cryptocurrency. This development could also extend to actively validated services, commonly known as AVS.

Jito Restaking: A Next-Gen Infrastructure Platform

The Jito Foundation has released the code for Jito Restaking, a hybrid staking, restaking, and LRT module. This marks a significant step in advancing staking capabilities on the Solana network.

“Jito Restaking is fundamentally multi-asset, capable of leveraging staked base assets such as JitoSOL, other liquid staking tokens, or any other SPL token,” the blog post read.

Restaking gained traction last year with protocols like Ethereum’s EigenLayer, which allowed users and protocols to deploy staked digital assets across multiple networks. EigenLayer advanced staking utility and economic security beyond the confines of individual blockchains or dapps.

However, Jito has taken a different approach compared to EigenLayer, which supports only Ether and its derivatives. Jito aims to include a broader range of assets. This multi-asset capability could offer more flexibility and utility for users within the Solana ecosystem.

The concept of restaking has been generating significant interest within Solana’s ecosystem, with various teams and developer groups reportedly working on similar mechanisms. Currently, Jito appears to be at the forefront with its restaking code release. Although the idea has not yet been deployed on-chain, the release of the code indicates that it may happen soon.

Following the announcement, Jito’s native token, JTO, saw an 8.5% increase in value within 24 hours, even as the broader crypto market experienced a downturn.

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