Kamino Lend introduces the new Jito market, consisting only of JitoSOL and SOL
On November 5th, Kamino, a Solana-based DeFi protocol, announced in an X article 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 and is now live in the application. In addition, SOL deposit users can receive 8,000 JTO incentives per week in the new market.
Kamino stated that JitoSOL accounts for over 43% of the SOL LST market and has a staking volume of over 14 million SOL, but only a small portion of JitoSOL is actively deployed in DeFi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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