$JTO
The Solana ecosystem DeFi protocol Kamino announced that it has introduced a new Jito market in Kamino Lend, promoting the development of JitoSOL to provide users with more diverse lending and earning opportunities. The Jito market is supporting Kamino's first 10x Multiply Vault, which means users can achieve higher leverage and potential returns through this market. The market is now live in the Kamino app, allowing users to immediately experience the new features and benefits it brings.
JitoSOL holds over 43% of the SOL LST market, demonstrating its significant position and widespread influence within the Solana ecosystem. Over 14 million SOL have been staked in the JitoSOL market, further proving its popularity and market potential. Despite the large amount of Jito SOL being staked, only a small portion is actively deployed in DeFi. This may indicate that there is a significant amount of potential liquidity waiting to be activated and utilized.
SOL deposit users can earn 8000 JTO incentives weekly in the new market. This policy aims to attract more SOL deposit users to participate in Kamino's lending market, increasing market liquidity and activity.