Jito is a liquid staking solution for Solana. The protocol’s smart contracts allow users to stake SOL on Solana to receive a corresponding liquid staking derivative token, JitoSOL. JitoSOL accumulates daily SOL rewards from Solana validators that participate in Jito’s liquid staking pool (block rewards, transaction fees, and MEV rewards). According to the project’s documentation, “the token’s yield accrues in its price rather than on an ongoing distribution…as rewards are accrued, JitoSOL will appreciate vs. SOL (e.g. 1.05 SOL per JitoSOL).” The protocol uses staked SOL to delegate towards “MEV-enabled” Solana validators, increasing participation in the network’s Proof-of-Stake (PoS) consensus mechanism.