Vaults for Restaking
In the Solana chain, Restaking is a rising trend as a way to utilize assets safely.
Jito and Fragmetric are some of the rising protocols for Restaking.
Restaking utilizes staked assets as collateral again that are already earning yield.
If this Restaking concept didn't come from Jito, which is one of Solana's OGs and most reliable Solana dev teams, I may have considered it as just crypto derivatives products that make the Solana chain and DEX gambling places with high risk.
Restaking on Solana leverages already staked assets to secure multiple protocols simultaneously, enhancing capital efficiency and security
Simply put, Restaking is "Restaking Staked Assets doubling the Yields".
For the user side, Restaking gives more yield. Generally staked assets just stay on a chain itself or staking protocol based on contract compounding yield. Users who staked assets may have tokens (LST) that show that the user staked assets that have a certain amount of value.
If users want to utilize the LST, they should make LPs or find any relevant protocols that offer products relevant to LST.
Restaking services seem to offer a sort of one-stop service for all this yield earning process.
Generally, most LSTs are regarded as reliable assets secured by reliable teams and Solana chain's security.
For example, Fragmetric's $fragSOL is the first Solana-native Liquid Restaking Token based on Jito Restaking VRT, featuring transfer hook technology for balance tracking
Restaking contributes to chain security and decentralization that prevent certain whales or giant tech protocols or VCs from dominating the chain.
In the Solana chain, Restaking has just started. We may see many upcoming changes or relevant products that offer increased UI and user-friendly services and higher yields.
