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A new technological development is underway in the Solana ecosystem, with multiple teams, including Jito Labs, working on building restaking protocols. These protocols allow users to earn rewards by utilizing their staked cryptocurrency for various purposes simultaneously, potentially increasing their returns. The initiative, reported by Danny Nelson in a CoinDesk article, is part of a broader competitive effort among developers and venture capitalists who are keenly interested in this aspect of blockchain technology. Security concerns are also a significant focus in the development of these restaking mechanisms.
1/5 @CoinDesk has put out an excellent article reviewing the restaking landscape on Solana: https://t.co/bqklBYOGEd And there is a lot of focus on the security of the restaking mechanisms.
I wrote about the hush-hush world of Solana restaking for CoinDesk. You're probably not thinking about it yet. VCs and developers are. So is Jito, one of Solana's cornerstones. They're building a restaking protocol. And they're not alone. A thread 1/8
🏃 The race is on to build a dominant restaking protocol for Solana. https://t.co/UjpM1M03rM
