REX-Osprey's Solana Staking ETF to Distribute 100% Rewards to Shareholders

The REX-Osprey Solana + Staking ETF adopts JitoSOL, enabling tokenized staking rewards while ensuring liquidity and transparency for investors.

SOL

JITOSOL

280d ago

Summary

The REX-Osprey Solana + Staking ETF (SSK) has officially integrated JitoSOL, allowing investors to earn staking rewards from Solana (SOL) directly. JitoSOL, developed by Jito Labs, is the largest liquid staking protocol on Solana, boasting a total value locked (TVL) exceeding $3 billion. This ETF uniquely offers access to Solana staking rewards without requiring DeFi platforms, enhancing liquidity and transparency in the process.

Terms & Concepts

Solana: A high-performance blockchain platform designed for decentralized applications and crypto projects.
ETF: Exchange-Traded Fund, a type of investment fund that trades on stock exchanges, similar to stocks.
JitoSOL: A specific staking mechanism or token associated with the Solana blockchain, aimed at optimizing staking rewards.