Jito Unveils JTO Airdrop Eligibility and Allocation
The total value locked (TVL) in the Solana liquid staking has quadrupled in a month.
By: yyctrader • Loading...DeFi News
Solana-based liquid staking protocol Jito has planned a retrospective airdrop of its upcoming JTO governance token to recognize the contributions of Jito community members in bootstrapping the network.
Jito is the second largest DeFi protocol on Solana, with $390M in total value locked (TVL).
The Jito Foundation has allocated 80% of the JTO airdrop to users who participated in the Jito Points program, which started on January 1 and ended on November 25. The Foundation has implemented a tiered allocation system to ensure a more equitable distribution, with smaller holders receiving a proportionally larger reward.
A total of 9,852 unique addresses with at least 100 Jito Points qualified for the JTO airdrop. Unclaimed tokens will be transferred to the DAO treasury's Realms wallet after 18 months.
15M JTO tokens have been allocated for validators who operated the Jito-Solana client between epochs 366 and 536, with at least one epoch from 527 through epoch 536. Early and active validators who played a significant role in bootstrapping the Jito-Solana client will receive more tokens.
The final group eligible for the JTO airdrop comprises Jito MEV searchers who have used the Jito Network's suite of MEV programs. A total of 5M JTO tokens have been allocated to these searchers.
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