Jito Foundation forms strategic partnership with Maple Finance
July 23, 2024

We are thrilled to announce our partnership with Jito Foundation, the leading MEV infrastructure network on Solana. The partnership enables more flexible financing solutions for borrowers and signals Jito’s foray into institutional DeFi. 

Maple is a leading digital asset lending platform. Syrup, a permissionless yield protocol powered by Maple’s smart contracts, provides broader access to Maple’s institutional yield opportunities. By onboarding JitoSOL, Maple unlocks an additional yield source for lenders and enhances risk management with JitoSOL’s robust liquidity.

Jito Foundation is an organization devoted to the adoption of Jito Network products, including Jito Staked SOL (JitoSOL) - the liquid staking token that currently sits as the largest DeFi protocol on Solana. 

MEV on Solana is generated from tips that are submitted to network validators to sequence transactions in a particular order (such as to capture an arbitrage opportunity); stakers receive these tips as rewards, boosting the overall yield from validating network transactions. Staking SOL with JitoSOL allows users to earn both staking and MEV rewards while maintaining transferability and composability in DeFi.

Maple's Founder Joe Flanagan added commentary: “This partnership allows Maple to leverage Jito’s infrastructure to generate an alternative source of yield for USDC lenders in Maple and Syrup. We’re excited to provide more access to Jito’s unique yield opportunity.” 

Jito Network contributor Lucas Bruder added: “We are pleased to be working with one of the leading gateways to institutional yield in DeFi. This marks a significant step in Solana’s progression to institutional adoption and grows Jito’s audience to a larger demographic of yield and liquidity seekers.”  

About Maple

Maple is a leading digital asset lending platform, empowering the digital asset economy with secure, innovative lending solutions. Lending opportunities are tailored to meet diverse liquidity needs, risk appetites, and return expectations and facilitated through Maple’s technology to provide real time monitoring and transparency. Scale your digital asset business confidently with flexible, cost-effective lending solutions sourced from Maple’s broad capital network.

About Jito Network

The Jito Network is a collection of Solana-based decentralised protocols focused on MEV and DeFi infrastructure. The Jito Network’s liquid staking token, JitoSOL, is currently the largest DeFi protocol on Solana.