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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Kamino Lend introduces the new Jito market, composed solely of JitoSOL and SOL
Odaily Planet Daily News Solana ecosystem Decentralized Finance protocol Kamino announced on X that it has introduced a new Jito market in Kamino Lend to promote the development of JitoSOL. The Jito market is providing support for Kamino's first 10x Multiply Vault, which is now live in the app. In addition, SOL depositors can receive 8000 JTO incentives per week in the new market. Kamino said that JitoSOL accounts for more than 43% of the SOL LST market, with a staking amount of over 14 million SOL, but only a small portion of JitoSOL is actively deployed in Decentralized Finance. Jito Market is specifically designed for JitoSOL holders to create new low-risk income opportunities. At launch, the market consists of only JitoSOL and SOL, with 90% LTV allocated to JitoSOL to achieve efficient capital circulation between the two assets.