Amulet Protocol is delighted to announce its latest listing on the MainNet – Jito – MEV-powered staking rewards. It’s been a very productive summer so far for Amulet and we’ve really worked hard to increase the number of protocols available for users to stake and protect.
This blog should provide a short guide for using Jito on Amulet but if you’re more of a doer than a reader head straight to: app.amulet.org
Who are Jito?
Jito offers high liquid yield staking on Solana. On Jito, users unlock liquidity on staked $SOL to use across DeFi. Jito are the first MEV-powered stake pool and they allow you to always keep custody of your funds.
Jito’s software enables Solana to run more efficiently and earn MEV rewards. By spreading stake across the Solana network, Jito helps decentralise the entire ecosystem while also encouraging validators to redistribute MEV profits.
Jito users deposit $SOL into $JitoSOL and the Jito Stake Pool delegates to MEV-enabled validators. Those validators auction off blockspace and receive MEV rewards which are then redistributed into the stake pool as extra APY. $JitoSOL accrues both staking and MEV rewards.
Now users can protect their Jito assets with Amulet by purchasing our smart contract cover or underwrite $aUWT to earn rewards while providing capacity for other Jito users.
What next?
This exciting news has created more opportunities for the AmuNation. Users can take advantage of the Jito listing in 2 ways:
Buy Cover:
- Head over to app.amulet.org
- Connect your wallet
- In the Cover section, search for Jito (pictured below)
- Protect based on your needs
Users with MetaBears will have their premium discount applied automatically. Loyalty points will be rewarded for buying cover.
Stake $aUWT into Jito Pool:
- Head over to app.amulet.org
- Connect your wallet
- In Underwrite section, under stake $aUWT, search for Jito Pool (page 2)
- Stake $aUWT and provide capacity for users
- Earn ROI with a starting APY of 10.04%
For full terms and conditions of our smart contract vulnerability cover, please refer to this document: https://files.amulet.org/public/SmartContractCover.pdf
If you have any questions, reach out via Discord: discord.gg/AmuletProtocol