Jito's Impact on Solana with CEO Lucas Bruder

This is an exploration of Jito, the Solana validator client, the staked Solana token JITOSOL, and MEV optimization engine.
The recent Jito airdrop show the whole industry as millions of dollars in value flooded into the Solana ecosystem.
Joining us today is Lucas Bruder from the Jito team to walk us through the basics and nuances of this multifaceted project.
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TIMESTAMPS
0:00 Intro
6:00 Jito Airdrop
8:45 What is Jito
12:00 Staking and Decentralization
17:20 MEV Optimization
25:20 Fees and Failed Transactions
33:20 JITOSOL
37:00 Solana Economics
42:00 Staking vs JITOSOL
45:40 Ethereum vs Solana
53:30 Jito Governance
59:15 Stakenet
1:05:40 Solana Governance
1:09:40 Choosing Solana
1:13:30 A Successful Network
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RESOURCES
Lucas Bruder
x.com/buffalu__?s=20
Jito Labs
www.jito.wtf/
Explorer
explorer.jito.wtf/
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Not financial or tax advice. See our investment disclosures here:
bankless.com/disclosures

[@Bankless]

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[@Crypto_Bird]

This channel is starting to be my favorite Solana channel 😂

[@Specsy]

We love solana 🤷‍♂️

[@AdamScheibeler]

I was thinking the same thing... Just swapped a good chunk of my ETH for SOL.

[@panophobicPanda]

IKR! I realized that even if ETH isn't moving... it still makes good collateral for a loan to buy SOL, so when ETH has it's day, I won't miss out.

[@dbased1915]

since july 2017 i have never seen ETH perform so badly during an up market. The capital flow from BTC is going straight to alts and alt layer1's and skipping ETH

[@PHX-uz5pr]

@@AdamScheibelerI swapped half of my ETH for SOL last month. I wish I would have done it sooner.

[@forthepeople4880]

Huge number of ETH investors are switching to SOL. It's going to be an avalanche. The key is to be earlier than most people noticing the trend.

[@Truthsaayr]

Watching this am so happy to be in the Solana and JITO ecosystem, Was among those that got the JTO airdrop and definitely holding and possibly buying more if I get more funds 🚀

[@AHHHHHHH162]

This is good Solana news

[@Aandreus]

Absolutely. Also, perhaps good evidence for their decentralized framework being actually adaptable and transparent. This lets good projects provide robust defi at scale. Super good news.

[@BatmanBoss]

SOL Killed ETH y’all just ain’t ready to admit it yet. It’s called the denial phase of grief cycle.

[@americannic]

Solana! 🎊 🎉

[@Sssanbo]

Great interview . Technology is fascinating.

[@netify6582]

Great guest, indeed.

[@rortiz77]

Sooner or later, bankless is going to cave and become Solana fans 😂

[@americannic]

All Will Soon enough 🎉

[@AmadeoBrandsONDeFi]

Buy ETH

[@susankotson1819]

850 SOL here🎉

[@netify6582]

Congrats. This might be generational wealth in few years.

[@netify6582]

After watching it all, it was actually pretty good discussion. There was some Ethereum bias but David (hope I have his name right) was really interested in the topic which is pretty good.

[@kristiklaudy]

Absolutly amazing episode!! I've seen a couple of interviews with Lucas and this is definitely my favourite. Also so great to see Lucas so relaxed on a pod. Seems he really enjoyed the conversation! :)

[@Aandreus]

Firedancer and Jito are exciting indicators we are at the moment of maturity in civilization building that validates, indeed, that we are growing up. Boot strapping is not called letsrunbarefootstrapping or balletslipperstrapping, and many projects with vanilla SOL do not align with this idea, I do not want to stake with one validator and Jito solves this. 9 out of 10 arbitrage attempts on SOL absolutely waste resources for everyone, and Judo solves this on chain. Not perfect but more than just another choice for defi...I feel like Jito offers maturity and clarity as two major benefits for users like me, always trying to explain opportunity to others, maturing the entire onboarding process. Consilience instead of fear, allows empathy in collective discourse. Courage is contagious and Jito with SOL gives me courage and evidence to encourage others. It seems like we are the boy in a tribe the night before the ceremony where he puts on the glove -of-ants and gets to mature his agency within his world, or has to pierce his nut sack but gets to attain collective recognition of maturity, and a tent full of wives. Jito are tent engineers.

[@alexandergreyer6054]

Appreciate your insight! Got any on Marinade Finance? The market cap difference between these two is huge

[@officialdropnation]

Very informative thanks Lucas and Bankless

[@netify6582]

It's funny how the Bankess guy is calculating pennies and fragments of percentages on Solana staking vs JITO staking and expressing care about $0.0001 fee increase while Ethereum people are paying $10+ on every transaction. LOL.

[@americannic]

Do Marinade finance or Dogwifhat

[@AhmadS-nm8ky]

Bankless x solana ecosystem ❤

[@TheMajorpickle01]

Really liked this interview save one line "running a node from home is overrated, Datacentres are probably fine". Very hot take. Why are we here if not to finally not rely on third parties? I do think everyone running a node will just not happen. Your nana isn't going to be running a node and shitcoining monkeyhaircut. But the option is important.

[@GutzyCall]

I stopped watching because I felt ya'll were way too ETH Triby so it's a relief to be seeing other content. Your subscribers should grow this bull unless you stay with that Eth ecosystem mostly thesis

[@Minerx0076]

Solana!!!!!!❤️❤️❤️❤️❤️

[@globalhawkllc]

The first 7 minutes was ads and marketing WTH 😅

[@josephkelley3035]

Lmao

[@xbloodshoteye]

Well there is you know e e you know 🤣

[@MrAlexappel]

Whats up manlets

[@andyoverton4644]

Add Bank less to the list of Sol sellouts.

[@user-ce7hi3gg4u]

😅

[@patrickgarrity5529]

What do u mean by low level engineers? I hear u say that alot Sounds like hate

[@samuraifis]

Why not consider reaching out to someone from Hedera? Their insights on cutting-edge technology might align well with your claimed goal of staying agnostic to the best technology.

[@onisazo]

ethereum killer :)

[@AmadeoBrandsONDeFi]

Buying more ETH ... hold my beer

[@vanbeathoven1576]

Could you make a pump'n'dump channel? No need to discretid the Bankless brand so heavily

[@andi-a]

They have sold out long ago, and clearly stated they are here to make money. And the numbers show that SOL makes lots of it and will continue to do so. Be smart don't marry your bags, swapping is just a few clicks away.

[@futureforward3153]

how much are vc's paying bankless to talk about solana?

[@netify6582]

It's rather they woke up from their Eth Maxi BS illusions and now they are trying not to miss another train.

[@forthepeople4880]

The market is paying.

[@virtualmilkers1747]

Doesn't Eth have more VCs?

[@hoson6038]

‪💩‬ Scam coin

[@gordyhydro5774]

Bullshit coin!!!!!

[@MrNewminds]

Please explain

[@gordyhydro5774]

@MrNewminds look into the history. Lies about TPS. The number of times it had to be restarted. Owned by VC's and never in a million years is it decentralised. Just another bank out to control your assets.

[@vetonibrahimi5669]

Probably u bought high and sold low 😅

[@boxingmessaboutwithmydonro3347]

We will see if you are right or wrong

[@boxingmessaboutwithmydonro3347]

@@vetonibrahimi5669😂 guaranteed. But even if he bought high he would still have won if he held. Jito is early and has a long way to go and if would be crazy not to get on board. If you missed out on eth then the solana ecosystem is the best way to go. I can’t make price predictions. But if you believe solana will grow then Jito will definitely grow with it and it makes solana even more valuable