How to Use bbSOL on Jito (Re)staking

Leverage the innovative staking opportunities on Solana with Jito (Re)staking, now actively supported by P2P.org through the introduction of the rstSOL vault. This guide explains how Bybit Staked SOL (bbSOL) holders can benefit from this collaboration, enhancing both liquidity and rewards within the Solana ecosystem.

Key Takeaways:

• Jito (Re)staking, a protocol within the Solana network, focuses on multi-asset staking that optimizes capital efficiency through a unique tokenization process. 

• P2P.org has launched the rstSOL vault as part of the Jito (Re)staking ecosystem. This enables users to restake their bbSOL.

• Explore our step-by-step guide to find out how you can use bbSOL on Jito (Re)staking.

What Is Jito (Re)staking?

Jito (Re)staking, a protocol within the Solana network, focuses on multi-asset staking that optimizes capital efficiency through a unique tokenization process. 

By converting staked assets into Vault Receipt Tokens (VRTs), Jito (Re)staking allows participants to retain liquidity while their assets earn staking rewards. Jito’s platform is renowned for its secure, transparent operations and a commitment to boosting the Solana ecosystem’s overall performance. 

P2P.org has launched the rstSOL vault as part of the Jito (Re)staking ecosystem, enabling users to restake their bbSOL. On Jan 30, 2025, the rstSOL vault will support its first NCN, TipRouter, focusing on decentralizing MEV tip distribution and enhancing the transparency of network rewards.

The launch of the rstSOL vault marks the start of real-time reward generation for participants, coinciding with the TipRouter launch to ensure immediate benefits for stakers. Initially, the rstSOL vault will exclusively support TipRouter, with plans to expand to include other NCNs like Squads, Switchboard and Sonic in the future.

Through a strategic partnership with Bybit, the rstSOL vault will only accept bbSOL, Bybit's liquid staking token for Solana. This exclusive arrangement allows bbSOL holders to actively engage in the Jito (Re)staking ecosystem, thereby enhancing both the liquidity and efficiency of their staking activities. With an impressive $146.5 million already restaked across Jito’s vaults, such as kySOL, ezSOL, bzSOL and fragSOL, the ecosystem is experiencing robust growth. The addition of the rstSOL vault is poised to further accelerate this momentum and expand the capabilities of restaking on Solana.

As a key player in supporting the Jito NCN ecosystem, starting with the TipRouter, P2P.org is instrumental in pushing the boundaries of what restaking can achieve on the Solana blockchain. 

How to Use bbSOL on Jito (Re)staking

Step 1: If you don’t already have bbSOL, you’ll first need to obtain it by staking your SOL on Bybit or Bybit Web3 to receive bbSOL.

Alternatively, you can do so through Jupiter or the Phantom Wallet.

Step 2: Navigate to the Jito (Re)stake page and click on Connect Wallet.

Step 3: Select Bybit Wallet and approve the connection by clicking on Confirm.

Step 4: Once you’ve connected your Bybit Wallet, ensure that you’re on the Vault tab by clicking on the drop-down menu on the left side of the page.

Step 5: Select the rstSOL vault and search for bbSOL in the token list.

Step 6: Enter the amount of bbSOL you want to restake, and the amount of rstSOL you’ll receive in return will be calculated automatically.

Step 7: Verify the details of the transaction, and click on Confirm.

Congratulations! You’ve successfully restaked your bbSOL into the rstSOL vault! You can keep track of your rewards and track your rstSOL through the Jito Dashboard. You can also add more bbSOL to the rstSOL vault or withdraw your bbSOL, as needed.

The Bottom Line

Jito (Re)staking provides bbSOL holders with a unique opportunity to enhance the utility and rewards of their staked assets within the Solana ecosystem. Through the operational expertise of P2P.org and the innovative staking solutions from Jito, users are equipped to maximize their contributions to Solana’s decentralization and enjoy substantial returns on their investments.

#LearnWithBybit