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  • Blockchain Timeline

Jupiter exchange on Solana announces Liquid Staking Token JupSOL aiming to improve network congestion

Jupiter announced on the creation of a new liquid staking token called JupSOL. The new token is supported by Jupiter's validator and will offer stakers an APY of 10.70% one of the highest yields currently on Solana.

The exchange mentioned that this is part of their plan to help our users land transactions better on Jupiter. More stake on this validator will allow Jupiter to send more transactions and reduce transactions affected by congestion.

The validator is run by Triton One and is expected to go live in Epoch 603 around 48hrs from now. Tom Wan of 21Shares posted on a chart showing that JupSOL has already reached $10M market cap.


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