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Jupiter Announces Launch Of LST Token JupSOL

17/04/2024 08:44

According to BlockBeats, Jupiter officially announced the launch of its LST token, JupSOL, on April 17. The validation node of this token has a 0% fee and 100% MEV rebate. An additional 100,000 SOL tokens have been delegated to increase the yield of JupSOL. This could potentially make JupSOL the highest-yielding LST in the entire Solana network. The more SOL tokens are staked, the more transactions Jupiter can send, reducing the impact of network congestion. This strategic move by Jupiter is expected to enhance the efficiency and profitability of the JupSOL token, making it a significant player in the Solana network.

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