We teamed up with Jito to bring you a special Quest.
In this Quest, eligible users can convert their staked SOL to JitoSOL to earn a share of 200,000 JTO tokens—plus, a commemorative NFT. Terms apply. These aren’t the only benefits though. By converting your SOL to JitoSOL, you’ll also access the benefits of liquid staking, such as higher average rewards and more flexibility.
Intrigued? Read on to learn more about JitoSOL and how to complete the Quest.
What is JitoSOL?
JitoSOL is a liquid staking token. Unlike with native staking, when you liquid stake your SOL, you receive liquid staking tokens (LSTs), like JitoSOL, which represent staked SOL.
JitoSOL allows you to maintain flexibility and liquidity to take advantage of opportunities in the market.
Jito can also offer higher average rewards than native staking. How? Jito spreads your SOL among the best validators with low fees—not just one. And JitoSOL accrues both staking and MEV rewards, boosting APY by up to ~15%.
Learn more about the benefits of liquid staking with Jito in our blog post.
How to participate
If you’re eligible for the Jito Quest, you’ll see a banner in Phantom.
- Tap the banner
- Open the Jito Quest
- Select ‘Let’s Go!’
- Select ‘Convert’
- Select one stake account to convert with at least one SOL natively staked
- Select ‘Convert’
That’s it. NFT and eligible JTO will be delivered to your Phantom wallet within 24 hours after completion of the Quest.
Terms and FAQs
Am I eligible for this Quest?
You must have at least 1 SOL directly staked with a validator in Phantom for at least two months to be eligible for this Quest.
How much JTO rewards will I receive?
You can earn 1 JTO per 1 staked SOL converted to JitoSOL, capped at a maximum of 25 JTO in rewards.
Is there a minimum amount of staked SOL I need to convert to JitoSOL to qualify for rewards?
Yes, you must convert a stake account with at least one SOL natively staked to qualify for JTO rewards and the commemorative NFT.
Can I convert multiple stake accounts to maximize my rewards?
No, you will only receive JTO for your first transaction converting natively staked SOL to JitoSOL.
When will I receive my rewards?
Rewards will be delivered to your Phantom wallet within 24 hours after completing the Quest.
Why didn’t I receive JTO rewards?
200K JTO in rewards will be distributed on a first come, first serve basis while supplies last. Once JTO rewards run out, you will still receive a commemorative NFT for completing the Quest.
