What to know about Jito’s $165M JTO airdrop

Jito, the Solana-based liquid staking protocol, opened an airdrop for users to claim 90 million of its JTO governance tokens starting Thursday morning — an amount worth around $165 million at the time of publication. 

Jito sent tokens based on how much of its JitoSOL liquid staking token the addresses held and lent to DeFi protocols, alongside rewards for validators and MEV searchers. According to the protocol’s developers, the JTO tokens will be used to govern the DAO and treasury for the staking platform. 

Jito lets users stake their Solana (SOL) in exchange for the protocol’s JitoSOL token, which can then be traded or used as collateral — similar to how Lido’s staked…

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