A16z Crypto invests $50M in Jito, a Solana-based liquid staking protocol. The deal grants a16z discounted Jito tokens. Jito Foundation aims to make Solana a hub for internet capital markets. A16z Crypto previously invested in LayerZero and Miden blockchain projects. The SEC’s stance on liquid staking has sparked regulatory debate in the US.

Jito Labs has been at the forefront of pushing for clearer guidance on liquid staking. The company aims to have JitoSOL included in ETFs and ETPs. Jito Labs, VanEck, and Bitwise have urged the SEC to allow liquid staking in Solana ETPs. The SEC recently clarified its stance on liquid staking offerings.

Despite regulatory uncertainties, Jito’s liquid staking protocol has $2.8 billion in total value locked. This surpasses competitors like Marinade and rivals Ethereum’s Lido. MoonPay recently launched a Solana liquid staking program offering up to an 8.49% annual yield on SOL holdings. Liquid staking is becoming a key part of the DeFi ecosystem.

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