a16z Crypto invests $50M in Solana staking protocol Jito
The investment is the largest single-investor commitment Jito has received.
Key Takeaways
- Andreessen Horowitz (a16z Crypto) invested $50 million in Jito, a major liquid staking and MEV protocol on Solana.
- Jito allows Solana stakers to earn both traditional staking and MEV rewards while maintaining liquidity on their tokens.
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According to Fortune, Andreessen Horowitz’s crypto division invested $50 million in Jito, a leading liquid staking protocol on Solana that integrates maximum extractable value (MEV) capture to optimize staking rewards and network security.
The investment bolsters Jito’s role as a key infrastructure provider for Solana’s staking ecosystem. The protocol enables users to retain liquidity while earning staking rewards, underscoring its importance within Solana’s validator network.
The funding highlights venture interest in staking-based protocols, as a16z Crypto continues to back infrastructure projects that strengthen blockchain ecosystems like Solana.
