Core entities of the Jito (Re)staking ecosystem
The Jito (Re)staking ecosystem consists of three main entities: Node Operators (NOs), Node Consensus Networks (NCNs), and Vault Receipt Tokens (VRTs). Each of those components works together and plays an essential role in the ecosystem's functionality and growth.
Node Operators (NOs)
Node Operators are responsible for validating, securing, and ensuring the smooth operation of their respective Node Consensus Networks (NCNs). They are key to maintaining the reliability and efficiency of the Jito (Re)staking ecosystem.
Node Consensus Networks (NCNs)
NCNs are decentralized protocols that leverage Jito's restaking network to secure and validate their actions, transactions, and other types of information. Instead of building independent security models, NCNs plug into Solana's robust security infrastructure. This integration enables them to leverage the economic security of Solana, and in exchange, they provide additional rewards which are accrued to Vault Receipt Tokens (VRTs).
Vault Receipt Tokens (VRTs)
VRTs are synthetic tokens similar to liquid staking tokens but designed specifically for restaking. They represent an IOU for a restaking position, allowing users to maintain liquidity and participate in DeFi activities while continuing to earn rewards from restaking that are automatically auto-compounded. Following this, Jito's key innovation is its multi-asset vault system. While other restaking protocols typically accept only native tokens or liquid staking derivatives, Jito enables the restaking of any SPL token.
For more details about Jito (Re)staking, check this out: