Tue, May 20

P2P.org and Re7 Labs Collaborate with Kamino Finance to Introduce Incentivized rstSOL Staking

P2P.org and Re7 Labs Collaborate with Kamino Finance to Introduce Incentivized rstSOL Staking Blockchain News
  • In the first three months, 3,000 JTO will be granted to holders of Bybit’s bbSOL tokens, allowing them to use Jito’s restaking infrastructure.
  • Lending markets and leveraged network reward possibilities will be added to further integrate rstSOL into the Kamino ecosystem.

To integrate rstSOL into the Kamino ecosystem, P2P.org, the leading non-custodial staking platform, has partnered with Kamino Finance. The initiative will be bolstered initially with 3,000 JTO tokens granted to liquidity providers, with an additional 3,600 JTO designated for lending markets, selected by Re7 Labs. It is scheduled to begin with an incentive liquidity vault for rstSOL-bbSOL.

Because to the partnership, Solana users will have a lot of new options to participate in restaking and earn extra incentives. In the first three months, 3,000 JTO will be granted to holders of Bybit’s bbSOL tokens, allowing them to use Jito’s restaking infrastructure.

Alex Loktev, CRO at P2P.org, said:

“This collaboration represents our commitment to creating additional value for Solana stakers while supporting the broader ecosystem. By allocating rewards to liquidity providers, we’re establishing a virtuous cycle of participation and rewards.”

Lending markets and leveraged network reward possibilities will be added to further integrate rstSOL into the Kamino ecosystem. Re7 Labs has been hired as an ecosystem curator to support this complexity, contributing its knowledge in risk curation and onchain vault design to improve strategy safety and composability across the rstSOL liquidity stack.

Additional JTO incentives for rstSOL and SOL lenders will be part of the second phase, with P2P.org acting as the Kamino V2 launch partner for rstSOL lending markets. To further encourage ecosystem engagement, P2P.org’s validator JTO airdrop will continue to be distributed.

Leveraged network reward techniques will be used for rstSOL in the third phase of the integration. Kamino Multiply support for rstSOL and leveraging farming between SOL and rstSOL will be introduced in this last step.

A more decentralized MEV (Maximal Extractable Value) distribution on the Solana network is supported by rstSOL, which stands for restaked SOL that receives extra network rewards using Jito’s TipRouter mechanism. Bybit’s bbSOL via the Jito application is the sole method to mint the token, establishing a unique avenue that benefits both bbSOL holders and the larger Jito ecosystem.

The four partners’ collaboration will provide institutional-grade infrastructure to DeFi while bolstering the Solana, Jito, and Kamino ecosystems. It increases Solana DeFi’s composability and makes advanced leveraged reward methods accessible to regular Solana users by establishing a technological link between Jito’s restaking solution and bbSOL liquid staking.

By providing a wide range of products like as automated leverage, swaps, lending, and liquidity vaults, Kamino is building Solana’s financial layer. Kamino is the biggest non-staking DeFi protocol on Solana, with over $4 billion in AUM. Its goal is to provide Solana consumers with the greatest financial infrastructure possible by offering safe and user-friendly products.

Re7 Labs, Re7 Capital’s innovation division, specializes on vault management, DeFi ecosystem design, and on-chain risk curation. Since its launch a little more than a year ago, it has curated more than $500 million in DeFi vaults across top protocols.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.