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⭕️PARTNERSHIP PHANTOM-JITO PER LIQUID STAKING

⭕️PARTNERSHIP PHANTOM-JITO PER LIQUID STAKING

Giorno: 06 giugno 2024 | Ora: 21:43 Solana's wallet app, Phantom, and liquid staking provider, JITO, have announced a partnership that allows users to convert their staked SOL into the JITOSOL liquid staking token (LST). This move aims to make staked assets more useful for DeFi applications and increase liquidity in the Solana ecosystem. The partnership also highlights the importance of education in promoting the adoption of JitoSOL. Additionally, the article discusses the market dominance of different Solana LSTs and the rise of celebrity-backed memecoins, which has received criticism from Ethereum co-founder Vitalik Buterin.

Solana's wallet app, Phantom, and liquid staking provider, JITO, have joined forces to enable users to convert their staked SOL into the JITOSOL liquid staking token (LST). The objective of this collaboration is to enhance the utility of staked assets for DeFi applications and boost liquidity within the Solana ecosystem. The partnership also underscores the significance of education in driving the adoption of JitoSOL. Furthermore, the article delves into the market dominance of different Solana LSTs and the emergence of memecoins endorsed by celebrities, a trend that Ethereum co-founder Vitalik Buterin has criticized.

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