Thanks dude! Am looking at converting a large chunk of SOL to JitoSOL and was wondering about the risk:reward and your video has helped me decide to proceed.
@@SebMontgomery One concern: I note that JITOSOL's price is ~13% higher than SOL's. Is this a fixed relationship (is JITSOL always pegged to SOL)? Is there a risk that JITOSOL will depreciate relative to SOL over time?
What would you do once the Jito you stake goes up? Do you sell Jito for USdC and wait for SOL to go back down a bit or would you just swap Jito for SOL when your done staking? Thanks
Good video, thanks. I've done some JITO SOL staking, and everything worked OK. What I still don't understand is, how do the "rewards" work, and where / how do I see them? I left a bit of JITO staked for some time, yet when I unstaked / swapped it back to SOL, I didn't see any appreciation. What am I missing?
Great video as always mate. I understand why JitoSOL is fantastic. I still do not understand why JTO’s price action performing so well, at times better than JUP. Would you have any insights to share on?
This client extracts MEV (Minor Extractable Value) and has great potential. It's a governance token for that purpose. I believe more VCs want the token, but I'm not sure why it performs so well. However, I do like Judo a lot.
@@SebMontgomery in depth defi would be great i only mess with NFT’s really and have lost loads of SOL over the last two years. Feel like if i had just DCA’d and staked SOL i would be alot better of.
Yeah in NFTs it's mostly about following the meta and narrative. Right now, gaming is the meta. But sure, I'll be covering more DeFi videos in the intermediate and advanced courses. Keep an eye on the channel 🙂
@@SebMontgomery Thank you for repling. Maybe I'm missing something but I am not unstaking it, what I mean by this is that I don't unstake back to SOL, I keep the JitoSOL or mSOL but I am depositing it into a defi like Kamino or marginfi. By doing this I am unstaking and thus losing the rewards/yield?
@@raduiordache9966the staking pays the yield so you're liquid staking, they mint jito sol for sol then give you yield after taking a commission, the jito sol / sol grows with staking rewards
@@raduiordache9966also this way you'd get yield on marginfi/kamino, both have airdrops xominf up and a point system, if you used jito last year there was an airdrop when they dropped their token JTO
Scenario A: 'X' Validator takes 0% commission, which means it has no real income from running the Validator. When this happens, there will be more skip rates, as the rewards per epoch are skipped. Scenario B: 'Y' Validator takes 4% commission, this gives them the revenue to run the Validator well, resulting in less skip rates. So more rewards for you. A commission of 4% is taken from the Extra yield you earn by staking. Say you Stake 100 SOL at 7% APY, after a year that's 7 SOL. Commission 4% of (7 SOL ) is 0.28 SOL.
Thanks dude! Am looking at converting a large chunk of SOL to JitoSOL and was wondering about the risk:reward and your video has helped me decide to proceed.
I'm glad my video helped, comments like yours are what makes the work worth it! Good luck!
@@SebMontgomery One concern: I note that JITOSOL's price is ~13% higher than SOL's. Is this a fixed relationship (is JITSOL always pegged to SOL)? Is there a risk that JITOSOL will depreciate relative to SOL over time?
What would you do once the Jito you stake goes up? Do you sell Jito for USdC and wait for SOL to go back down a bit or would you just swap Jito for SOL when your done staking?
Thanks
Good video, thanks. I've done some JITO SOL staking, and everything worked OK. What I still don't understand is, how do the "rewards" work, and where / how do I see them? I left a bit of JITO staked for some time, yet when I unstaked / swapped it back to SOL, I didn't see any appreciation. What am I missing?
I will make a video covering this.
Great video as always mate.
I understand why JitoSOL is fantastic. I still do not understand why JTO’s price action performing so well, at times better than JUP. Would you have any insights to share on?
This client extracts MEV (Minor Extractable Value) and has great potential. It's a governance token for that purpose. I believe more VCs want the token, but I'm not sure why it performs so well. However, I do like Judo a lot.
so the apy you get for staking sol goes directly into the JitoSOL token? So just having the JitoSOL token itself means you get the APY?
Yes that's right !
Jito vs mSOL? Which is better.
JitoSOL has deeper liquidity and MEV rewards
The mev rewards button doesn’t show for me
That's been converted to a 'Points' button.
same i cannot see the MEV rewards
Keep up the good work, enjoy ur vids 🫡
Glad you're enjoying the vides!
Let me know if you are keen on any content 🙂
@@SebMontgomery in depth defi would be great i only mess with NFT’s really and have lost loads of SOL over the last two years. Feel like if i had just DCA’d and staked SOL i would be alot better of.
Yeah in NFTs it's mostly about following the meta and narrative. Right now, gaming is the meta.
But sure, I'll be covering more DeFi videos in the intermediate and advanced courses.
Keep an eye on the channel 🙂
IF you take the JitiSOL to use in defi does that mean you lose any rewards/airdrops?
Hey there. generally if you unstake your SOL you don't get any more rewards.
@@SebMontgomery Thank you for repling. Maybe I'm missing something but I am not unstaking it, what I mean by this is that I don't unstake back to SOL, I keep the JitoSOL or mSOL but I am depositing it into a defi like Kamino or marginfi. By doing this I am unstaking and thus losing the rewards/yield?
@@raduiordache9966the staking pays the yield so you're liquid staking, they mint jito sol for sol then give you yield after taking a commission, the jito sol / sol grows with staking rewards
@@raduiordache9966also this way you'd get yield on marginfi/kamino, both have airdrops xominf up and a point system, if you used jito last year there was an airdrop when they dropped their token JTO
how claim rewards in LST?
What do you mean?
@@SebMontgomery Hi I mean how are the rewards paid to the LST holders?
can you store the JitoSOL on a cold wallet???
Yes, it can be stored on Ledger in Solana network.
Would you please show us the process of doing that, please?@@SebMontgomery
Tangem?
Jito 🚀 🔥
Jito 🚀
is it safe to use with vpn?
You can try it out, but do not break any laws, this is not legal advice.
@@SebMontgomery in Russia it's banned afai, started from marinade finance, maybe through vpn works but doubtly would try.
some validatprs on sol (Melea)take 0% commission, so not sure how jito is better
Scenario A: 'X' Validator takes 0% commission, which means it has no real income from running the Validator. When this happens, there will be more skip rates, as the rewards per epoch are skipped.
Scenario B: 'Y' Validator takes 4% commission, this gives them the revenue to run the Validator well, resulting in less skip rates. So more rewards for you.
A commission of 4% is taken from the Extra yield you earn by staking.
Say you Stake 100 SOL at 7% APY, after a year that's 7 SOL.
Commission 4% of (7 SOL ) is 0.28 SOL.