On June 27th, Acala, as the leading liquidity layer in the Polkadot ecosystem, announced its plan to integrate JitoSOL into its platform and decentralized applications (d). This integration aims to provide Acala users with greater liquidity and more lucrative income opportunities supporting Acala’s mission as an essential liquidity layer in the crypto finance industry (Liquidity Layer X, LLX).
Understanding Liquidity Layer
The liquidity layer like thecala network, is a fundamental component of the blockchain ecosystem that ensures capital flow and liquidity provision between different chains. The liquidity layer facilitates interoperability between various layers (including Layer , Layer 2, Layer 3, and Layer 0). As a central hub for liquidity, it enables users to maximize capital efficiency and access a wide range of DeFi services without limited by a single chain.
About JitoSOL
JitoSOL is Liquid Staking staking service on the Solana chain that allows users to stake SOL and earn JitoSOL. These JitoSOL tokens provide liquidity and accumulate value throughaking rewards and Maximum Extractable Value (MEV) rewards.
Key features of JSOL include:
Double rewards: JitoSOL offers both staking rewards and MEV rewards by capturing additional value from blockchain transactions to enhance user earnings.
-quality validators:ito only collaborates with validators running MEV clients who adhere to strict performance standards to ensure network efficiency and security.
Flexible DeFi integration: JitoSOL can be traded and used in various DeFi protocols including lending platforms and liquidity pools, providing users with flexible income sources.
Governance & community participation: The governance of JTO enables community involvement in key decision-making processes while promoting strong participation and decentralized governance. In December 2023, ten million JTO tokens will be distributed among early adopters, validators, and MEV searchers significantly boosting community engagement.
Acala’s Vision & Role of JitoSOLAcala aims to become the Liquidity Layer X for all chains by supporting solutions across all layers. The integration of JitoSOL is a crucial step on this journey as it provides Acala users with Solana’s staking rewards & MEV earnings alongside Acala’s DeFi functionalities & native incentives.
By incorporating JitoSOL into its platform
