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Hold Strong #20 👑 @jito_sol
Recorded: May 26, 2025 Duration: 1:00:54Space Recording
Short Summary
Gito's recent activities at the Solana Accelerate event highlighted strategic partnerships, innovative product launches, and a commitment to community-driven governance, positioning the project for significant growth and engagement in the DeFi space.
Full Transcription
Thank you. Fox one, two, Fox one, two, Napa. You can hear me.
NEPA, you can hear me?
I hope you can hear me, NEPA.
The way I'm going to have to switch over.
I can hear you.
Do I sound okay?
This is my very first time using AirPods, bro.
Oh, no.
It sounds absolutely horrible.
I'm not even going to lie to you.
It sounds like you are very distant, far off.
We got to get this fixed.
Okay. Let me just, like like take these off it's all good man but appreciate you being here because i know you and me
have been straight up down with the sickness down with the web three after an event it usually
happens a little cold fever flu something but uh whatever it was, me and NEPA got it, but we're
riding out today. We had a stream earlier this morning with the YGD community, but NEPA,
how are you feeling? Circumstances, how is your Monday going? I'm good, I'm good. Okay,
I should be more clear now. I disconnected the AirPods. First time using those. I gotta see
what's up, because I see you use them all the time, bro. What did I do wrong?
Feeling okay.
Honestly, throughout the night and then this morning, my throat got dramatically worse.
But I took medications.
And so I'm feeling good now.
Hopefully, they don't wear off during this space.
But, hey, we're here.
Hold strong number 20.
Episode number 20.
I'm super excited to hear from Gito.
Because I don't think i've been in
a space with you guys before um but i do think i saw you around during accelerate so super excited
to just see what you guys have been doing we've got some questions prepared we got audience if
you guys have any questions so i'm excited to get in today same with you i'm powering through right
now nepa on basically uh just water juice, and the price of Solana.
That's what's keeping me going, you know.
But this is also my first space with Gito.
So let's really quick, before we get into conversation, make sure that we get a quick mic check.
We got Cousin Greg up here from the Gito team and foundation.
Good to see you. How are you feeling today, fam?
Hey, thanks so much for having me on.
Can you guys hear me okay?
Perfect.
Oh, yeah.
Sorry, I'm a-
Neva, why would you thumbs down?
Yeah, don't mess up our guests right now.
Sorry.
But yes, we can hear you perfectly.
Yeah, no, thanks so much for having me on.
I did want to give you guys a shout out for the Accelerate booth that you guys had.
Great job on it. The merch was amazing as well didn't get a chance to grab any unfortunately but every single time i stopped by the booth you guys were packed so well done thank you i designed
it myself um no i'm joking it was an incredible work with our team and the solana foundation and
the events and uh yeah it was
castle themed if you got to see it on the timeline and we had teamed up with riposa coffee uh we had
some limited edition soul flare cans nitro coffee and a robot what there was a lot of robots there
to accelerate but cousin greg what did you actually think of accelerate like your impressions and
takeaways from it oh man i have so many thoughts. It was incredible. Very well put together.
It was my first Solana conference ever.
Anyone who saw me at the conference probably heard me say this a few times.
First Solana conference. And yeah, literally everybody there was just wonderful to chat with.
So many great connections made with people from the industry, but also just community members who stopped by to say hi. A lot of people who I had never met in person who recognized Gito
recognized me. So it was just wonderful meeting everyone. And obviously, didn't even get a chance
to listen to any of the panels because we also had a booth. But my plan for this week is to actually
go through everything since it was everything
everything was live streamed right and it's all available on youtube so my plan is to go through
every single one of those uh presentations at some point this week and actually internalize
everything that the uh that was being discussed because the booth took up most of our time both
thursday and friday so we're giving out a whole lot of merch.
Also had Raposa helping out with the coffee shop.
We were giving out coffee mugs.
Lots of discussions around, you know, the institutional side of Gito, as well as some of the marketing material that we've been putting out for institutional clients.
So that's mainly, you you know what we've been
handling around accelerate but yeah the conference was great highly highly recommend to anyone who's
not been to solana conference before and i'm definitely uh definitely thinking about going
to permissionless next uh next month because i believe that's also in new york so yeah so many
events coming up and that's some big alpha that you had mentioned earlier, Greg,
was that you can re-watch a lot of all the talks live from YouTube, I believe. It's all posted now.
So yeah, definitely go check that out. After Hold Strong, after you've already listened to this,
liked and repost, and you might want to stick around because nepa and i will be joining the monk uh spaces right after this but before we dive into jito and get a little bit more understanding of the
entire ecosystem we'll talk more about accelerating a little bit greg but gotta check in with the top
monkey at least in soulfly right now uh i don't know he has been absolutely crushing it and so
many guardians we're just so excited to see this tall monkey mac it is good to see you
right now how are you feeling hey hey doing doing well uh getting back on track my my voice is a bit
off as well uh as i would assume everyone else's. So this event was just amazing.
And I really can say this is one of my favorite ones.
We've met so many amazing people and new friends, I would say.
And it's always nice to see once you come to these events,
and I do really mean this with everyone that
is kind of decisive on if you should go to events of like Web3 and Solana and stuff like that
is I always thought, should I go?
Should I go?
Maybe not.
Maybe next year, maybe some other time.
But now I'm extremely angry at myself
since I didn't start doing these things sooner.
Once you start coming to these events, there so many opportunities so many friendships and so many people that that you kind of uh
befriend over time as everyone's kind of coming in and and then after a small amount of time i would
say you're not even anymore like a new guy at the event you you know a lot of people, you met a lot of people, so it's definitely worth it.
And this was a really, really, really great experience for me
and I think everyone that was there.
Let's go. It really was, man.
And we made the most of it.
Everyone was just so excited to see you.
And you got to get in a little trouble right now
or at least make it more work for us
because you dropped a lot of alpha to these Guardians IRL.
So we might have to circle back and revisit some of the things you told our IRL guests.
But before also we jump into Gito for a little deep dive discussion, and we have to have to introduce the professor, DKS in the building, Callahan.
DKS in the building, Callahan, good to see you, fam.
Good to see you, fam. How are you doing? How are you feeling?
How are you doing? How are you feeling?
Hey, guys. Sorry for being a little bit late,
but yeah, amazing to be here after Accelerate
and after this amazing event that we had.
And kudos to you, Quixx and NEPA, obviously,
and to the whole team for crushing it out there.
It was simply amazing.
And the feedback I got in the DMs and discord and
Twitter and every everywhere else was so positive and it honestly gave me that uh breakpoint vibes
from uh Singapore so I can honestly say that accelerate is definitely a nice warm-up for
what we have in store for in December uh in Abu Dhabi and uh yeah just the whole uh the whole experience was
amazing New York City was amazing for me personally also because it was my first time visiting and
Quix was obviously such a good tour guide uh taking us through the city and everything so
um yeah I I I simply couldn't imagine it being any better than it was.
So, yeah, first base is N2.
And it is the 20th that we do here.
So very excited for Jito.
And obviously very excited for the whole space here.
Thank you, guys.
Appreciate you, Professor.
And Soul Flare definitely took Manhattan.
And you are right.
The Timeline and IRL, they love this monk and fox.
Normally, NEPA's a monkey, whatever dog thing that you are today,
but normally they love this monk and fox.
We got just the vibe, NEPA, but tell them what we got going on this week.
Episode 20, if this is their first time tuning in,
just saw Soul Flare accelerate.
What's going on at Hold strong let's go this is an
honoraries of my month coming back soon uh but today thank you guys pinned up pin post up top
by the way like and repost this because today um episode 20 we're gonna have a deep dive ama with
gito if we have any soul flare guardian updates we'll be giving that of course we have the solana news
segment afterwards and we got a lot to talk about there's a lot of good things that was announced
during accelerate and then of course if you guys want an opportunity to join our telegram to be a
soul flare guardian we will be dropping a link down below at the end if you're not able to join
don't worry we will do these every single Monday. And then when we move from
Telegram to Discord, there may be even more opportunities for you guys to join our community.
So that's what we're going to be diving deep into today. And I'm excited to get into it because
Gito is pretty popular on the Solana blockchain and doing a lot of good things for it. So
excited to dive deep on it. Yes, they not only had a huge presence at Accelerate like we saw, but they have
had a huge presence in the Salon ecosystem helping to support the decentralized network. So without
further ado, Cousin Greg, thank you so much, of course, for being here, taking the time to rock
with us. But let's start from the beginning. Take us back to a quick intro origin story of the
creation of Gito. Yeah, definitely. Appreciate you guys having me on here again.
So obviously Gito started as Gito Labs, which is a separate entity from the one that I actually
work for. So I'm a community lead under the Gito Foundation. You guys might know me as Cousin Greg or the glorified intern on the X account.
But primarily Gito Sol started as a way to provide transaction guarantees for traders.
So by creating the Gito block engine, we have this system basically in place for traders to execute concurrent transactions basically at the same time.
And basically, if any one of those transactions fails, all of those transactions within the bundle
don't go through. So it kind of provides some guarantees for traders who, for example, want to,
you know, execute some MEV strategies. Maybe they're working on arbitrage, whatever it may be.
strategies, maybe they're working on arbitrage, whatever it may be. Going through the block
engine and using Gito bundles, for example, is one way for these traders to kind of stay ahead
of market, make sure their transactions are always going through. Obviously, Gito Labs is not really
something that I take care of marketing. So I did want to just clarify that that is how Gito started.
I did want to just clarify that that is how Gito started, but Gito Foundation was formed to actually help market all of these protocols and all the stuff that the Gito Labs guys are actually building.
So first and foremost, we have Gito Sol, which you guys I'm sure have heard about at some point.
This is the largest LST currently on Solana. So it is also the only LST that is currently considered not a security due to the way the actual LST functions on the back end.
So there's one key crucial component, basically, of JudoSol called Stakenet.
And if you go on the JudoSol, you know, X account, occasionally you'll see every few weeks kind of a post about Stakenet.
And this is kind of the crucial component that actually allows Jitosol to maintain this kind of very high, you know, dominance within the market, basically.
It's Stakenet allows the automatic redelegation of stake in the JITO stake pool to basically the highest performing validators on the network.
Now, the reason this is really interesting is a typical kind of direct staking, you know, provider basically isn't going to have this mechanism in place where they're automatically redistributing stake to the highest performing validators.
With Stakenet, we're basically using this for Gito Sol to redistribute the 18 million
Sol that's in Gito Sol TVL currently to about 200 of the top performing validators on the
network, right?
So obviously this helps the entire Solana network maintain decentralized,
but also it helps with the health of the network, right? If you have the highest performing
validators on the network, getting the stake of the LST, then the folks who are actually holding
the LST have a little bit more trust, right, in the thing that they're holding. They don't have
to worry about some market conditions happening and then suddenly the
validator, you know, losing their stake, which would then affect the LSD holder themselves,
obviously.
In the case of Jito Sol, traders don't actually have to worry about that at all.
Since Stakenet is fully autonomous, it is a stake pool management system that was specifically built for Gitosol, right?
And I believe this was actually released in around 2023.
It might be a little wrong on the dates here since I started a little bit later. They, you know, around 96.6% of network stake weight is currently running the Gito Solana
validator, which is also another key kind of component of what the Gito Labs guys have
done in the past, which is obviously create a validator client.
So very important.
It was a fork of the Agave client, but it is a validator client that allows both staking and MEV rewards to be distributed.
So for JITO Sol LSD holders, the benefit is obviously you're getting not just staking rewards
for staking your Solana, you're getting staking and MEV rewards. And then on top of that,
you know, feel free to interject at any point because I can keep
talking about Cheeto here. Yeah, no, I mean, because it's all educational. So I'm a little
bit worried we're going too fast. Yeah, no, because I want to make sure that this is both
like educational, but as far as like for, you know, veteran users, but a lot of users, this is
their first time essentially downloading a SoulFlare wallet, like interacting with dApps.
And so, you know, this is a lot new to them.
So I, but a lot of everyone understands what the LST tokens are as far as like a liquid staking token that are earning yield, just holding them and are swappable.
But you also have another token in your ecosystem.
But you also have another token in your ecosystem.
And I want to make sure we cover both of those so that users understand the difference.
Because then there's a lot more that you can do with each token in the JITO ecosystem.
So you have the JITO Sol and then also the JTO token as well.
Yes, absolutely.
So thank you for clarifying that.
The JTO token is actually a governance token for the JITO network.
So obviously, JITO network is a DAO.
So the JTO token is the token for all governance matters.
If you see any, you know, like JIP being posted from the JITO sole account,
that is a governance proposal on the forum.jito.network website that basically allows
voters in the community to vote with their JTO tokens. Sorry, not voters, but token holders in
the community to vote with their JTO tokens. So we currently have, I want to say, two proposals
that are in the works. We've had a whole bunch of community discussions
over the past few months.
I won't really go into specifics about what they are
since that hasn't been finalized,
but I do highly recommend anyone who's kind of maybe
new to the space or new to GITO even.
The governance section on the GITO Network website
is amazing.
There's a lot of high quality discussions there, not just from folks who are, you know,
actively contributing in the space, but also community members who really want to see the
vision of JITO progress.
So yeah, like you mentioned, JTO is the second kind of token within the ecosystem.
I don't really market that too much for a variety of reasons.
We specifically focus on JITO Sol.
But since we're talking about JTO,
there is obviously one kind of important aspect of it
within the context of JITO network as a whole.
So apart from governance voting, we obviously
also have JITO restaking, which is kind of a new primitive on Solana.
And JTO is actually utilized within Gito restaking now. So for folks who hold JTO,
for example, there is a way for them to stake within the Gito restaking platform
the geo restaking platform in one of three vaults.
So we have Fragmetric, Renzo,
and Kairos who have JTO vaults.
And what basically happens is for a user,
let's say you hold some JTO,
you can basically go on the restaking website,
provided you're able to do so.
You can choose one of the three vaults,
and then you receive a VRT token in place.
I won't really go into details of what a VRT is because I do think this is a bit technical for
today's topics, but it does allow you to basically secure key kind of economic protocols, basically within the Ejito restaking kind of network.
So currently there are three vaults, Renzo, Fragmetric, and Kairos. Again, when you stake
your JTO, you then receive a BRT, which is called, for example, if it's the Fragmetric
vault that you picked, you would get Frag JTO back. If you picked Renzo,
you would get easy JTO back or Kairos would be KY JTO back, right? So it's kind of,
it is another form of like, basically in LST in the sense of like Jito soul, where it is a reward
bearing token, meaning when you stake your tokens,
you're not actually going to receive more when you unstake.
You're going to just, or sorry, when you stake your soul,
you're going to receive a smaller amount of like the VRT, or in the case of Jido Soul, a little bit less Jido Soul.
Whereas when you unstake it, you're actually going to receive your Solana back
with that additional reward that you've accumulated during the duration of you staking, basically.
So a little bit of a long explanation there.
But yes, JTO is the second token within the ecosystem.
And I appreciate you taking the time to also dive into that more because both are tradable and swappable in your SoulFlare wallet.
to also dive into that more because both are tradable and swappable in your SoulFlare wallet.
And on the Jito website, there is like a DeFi guide of all the opportunities that also dive
into this a lot more. But I'm going to kick it over to my co-host with the most, NEPA,
and she's going to ask a couple more questions. And we'll certainly, as we do, try to get the
audience and our guardians involved. So make sure you guys are hitting the comments or in our
guardians chat if there's specific questions you want to know more which i'm sure there's going to
be a lot of so we'll do our best nepa over to you fam oh yeah shout out to everyone here so far
we've got a good audience got good activity comment down below even if it's a question or
just saying gm just comment down below if you're enjoying it um so this is my opportunity to do a little research. And I'm
not going to lie, that was a lot of information we've begun with. And Quix and I host differently.
So I'm going to start simple. What is the major difference between native staking and liquid
staking? And why would I want to stake with Gitosol? That is my first question for you.
would I want to stake with Jito Sol? That is my first question for you.
Absolutely. That's a fantastic question. So the reason you would want to at least consider LSTs
is if, for example, you want to have access to your capital at all times, right? The biggest
difference between direct staking and LST staking is access to capital. If you stake with, you know, let's pick
any random validator. I believe Gito Labs actually does run validators. So we can use this as an
example. If I wanted to stake some of my Solano with the Gito Labs validator, I could do so and
I would still be accruing rewards. However, the stake that I actually have wouldn't be, I wouldn't be able to access it until
I actually unstaked that position, right? And some people are okay with this, right? If you're a
long-term holder, maybe you've got other bags, you don't really have to worry about that one wallet
that's staking with a direct validator. Whereas for other people, you know, for example, me, I do quite like to explore other opportunities that are out there, whether it's restaking, whether it's yield trading Sol, but then I still have that, you know, 10 Sol worth of Gito Sol that I
can then go and maybe I want to go on rate X and, you know, increase my fragmetric F points exposure.
Maybe I want to actually take advantage of the yield some other way by going on like exponent
or any of these other protocols, right? It basically allows me to do a little bit more
with the capital that I already have, which is great if maybe you are limited in terms of the
amount of capital that you have, right? There's so many opportunities around crypto, so many
different yield farming opportunities, different incentive campaigns that we run with Camino,
Radium, whoever. It's kind of
hard to pick and choose where you want to be. But what I do know is I like to have the option to at
least go and pick something instead of just knowing that, hey, you know, I've got the stake
position, but I can't really do anything with it because I have to unstake it first. And then it's
no longer contributing to the network,
to the health and decentralization of Solana, right? So those are kind of the trade-offs,
at least the way I kind of think about them. Okay. Yeah, that makes perfect sense. You
explained that very well. And I appreciate that. And so that's where Jido Soul comes into play.
And you kind of explained like a few things of what's special about Gitosol.
In specific, I think there's a feature where I can restake automatically.
Correct me if I'm wrong, but let's dive a little deeper into that.
Specifically, like the benefits and the risk associated with restaking Gitosol.
Yeah, of course.
So restaking as a whole is still a fairly new primitive on Solana. I'll just kind of state that right away. The Jito restaking platform was actually announced, I in Q4 of 2024. But yeah, basically with Jito restaking,
it kind of allows you to take an existing asset. In the case of Jito restaking, it is a multi-asset
platform. So really any asset could work in this case, even Mean Coins. So, you know,
just putting that out there. But in the case of JTO or GTO Sol, you're basically able to take
your already staked position, or let's just say GTO Sol in this case, you're taking your already
staked Sol position and you can stake it one more time, right? That's all restaking kind of means.
On the back end, what is actually happening is you're providing some economic security or like
a guarantee for economic
security for these protocols that are actually building on geo restaking so that there are a
few different kind of like partners that make up the jito restaking um not necessarily platform but
you know the the entire thing the way it kind of functions we have vrt'sTs who operate the vaults. We have node operators, obviously, and then
NCNs. So an NCN is a node consensus network. And so all three of these kind of work hand
in hand with one another in order to provide these economic guarantees in a way. For users
who restake their tokens, they're earning a little bit additional
rewards on top of that. So the very first NCN that was actually developed on JITO restaking
was the tip router NCN. And so I'll very quickly kind of go through it because it's a really interesting kind of design. It basically replaced a previously centralized process, you know, via the
tip router program, which is a way for redistributing tips on the network.
So the tip router NCN was built to decentralize this entire process.
Instead of having a centralized mechanism in place doing this,
Jeter restaking provided a way for any project now
to kind of decentralize this distribution process.
And so the tip router kind of enables that entire thing to happen,
but it's only possible because of Jeter restaking.
Now, you might be asking,
what does this actually have to do with me staking my soul or me staking my soul twice,
right? Every single person that is restaking on JITO restaking currently is earning some of that
additional reward that the tip router is bringing in. So one of our early proposals
in, I want to say this year, I believe it was JIP 14, I might be getting this wrong.
It was one of our earlier proposals was basically discussing implementing tip router and then kind
of the fee split that would be going into it so i'm not going
to go into the exact percentages here if you guys do want to look at it we do have all this on the
jito forum as well as a whole bunch of community discussion that was happening around that time
but the the tldr here is if you have jito sol right now or some other LST, you're able to go onto the Gito
restaking platform and earn some additional rewards on top of your already staking and
other rewards. And that's all thanks in part to the tip router NCN, which is currently
redistributing those rewards. Last I checked, like on our Doom analytics dashboard, it was somewhere around like
half a million dollars that was redistributed back since TipRouter went live. And so it's been live,
I want to say two to three months, somewhere around there. But yeah, that's basically restaking
in a nutshell. It is a very, it's kind of a complicated topic i'm not gonna lie we do have
a kind of restaking expert on our team that actually handles a lot of this kind of stuff
and discussing uh getting new partners on board etc so but yeah i'll stop here in case you have
any questions yeah i know thanks for for saying what you did greg i understand it's a bit of a
complicated topic especially since you said it's something new on the blockchain of Solana.
So it makes sense. And I appreciate you for explaining.
You guys make sure you're following Greg and Gito and everyone up here if you're enjoying the conversation, because we're getting a lot of education here.
Like this is a great time to be writing down your notes while looking at the website if you want to. But yeah, this a lot of people who are onboarding their friends to Soul Flare, their friends are asking how can they make money on Solana?
This is exactly one of those examples of just like staking with Jito Soul.
So let's continue. I don't think we have any other questions in regards to staking.
So let's talk a little bit more about the governance aspects of GEDO. Can you tell us about successful past proposals or any ongoing
proposals and how GEDO users could create new ones if possible? Yes, I can definitely talk a
little bit about it. We obviously have a governance, we have like two governance experts
on the team. So I don't want to say too much here, but I will say that we have had quite a few
ongoing discussions around tokenomics, which I did kind of allude to a little bit earlier.
Highly recommend anyone who's listening to this call to go on the forum.gito.network website and actually look at the
tokenomics report that was posted by Andrew. I want to say this was about one or two months ago,
but in the past few weeks, we've actually had two roundtable discussions with our governance
delegates, and it's all been around this tokenomics discussion. Basically, now that the Treasury is accruing funds, which it has been already, what do we do with these funds? Do you buy back and burn? Do you add some other incentives? What do you do with this?
do you do with this? And, you know, obviously GITO is a DAO and a DAO votes on all these proposals
as a community. So the discussion initially started as just a report provided by Andrew,
who's one of our GITO Foundation contributors, but then it kind of evolved because a report
isn't a proposal, right? You need to turn it into something concrete and then have the community actually vote on it.
So we're currently in the process of formalizing the next, I believe this is going to be GIP 17.
And our head of governance, Nick, who actually just was onboarded a few weeks ago, he's already working on the follow-up proposal GIP 18.
he's already working on the follow-up proposal JIP 18. So in terms of past successful proposals,
obviously we've had our incentive budget for 2025 go live. It's not really that interesting,
but it is an example of what governance proposals do like in JITO. In this case, we use these JIPs to agree on the amount of JTO
and incentives we want to give out with partners throughout the entire year, right? So for 2024,
we also had a similar incentive budget. And then towards the, I want to say towards the beginning
of the year when this year's incentive budget was kind of being formalized.
Andrew went through all of last year's data from all the Camino, Radium and other incentive programs that were run by the foundation and kind of did an analysis to see what worked, what didn't.
And based on that kind of provided, you know, a rough roadmap of what 2025 might look like.
So that's basically governance in a gist.
There's a whole lot more that actually goes on on the back end.
Just from a relationship building, we obviously have delegates that help move discussions along.
Then we also have a security blacklist committee. We have
a lot of like institutional players and involvement from people in the space. Also,
like I mentioned before, just community members. So if you are on this call and you know, this is
maybe of interest to you, this is probably the spot like Solana governance is definitely heating up.
And if this is of interest to you, I would highly recommend you just like going through, reading all of the JIPs.
They're all listed, even the first one that was ever posted on the forum.
They're all there, including all the comments from everyone that's taking part in them.
And yeah, just highly recommend kind of going through and just understanding,
like, where did these governance discussions start from? Where did JITO start from? And,
you know, what is the vision kind of everyone who's currently involved in discussions? Like,
what do they want to see JITO do in the future, right? After all, it is all a DAO. So community
input is incredibly important here.
Awesome, awesome. Thank you for that, Greg. I'm going to give it back to Quix for any of his questions, and then you guys drop any down below on the bottom right of your screen. If you have any questions, you can type it there.
So if anyone up here has any questions, feel free to raise your hand. And if we can take any more speakers, we will as well. But been going for 35 minutes, we'll have about 25 more minutes to go. Quix, back to you.
decentralized finance, Dow is like so important. So cousin Greg, going deeper dive into that,
can you tell us about some like previous successful, you know, propositions that have
passed some upcoming ones maybe, or like just in general, like what's the process like going to be
about for proposing them? And then also as like a side question, I'm sure you're going to dive
deep into this. Feel free to drop any alpha on how that ties back to
the airdrop that people have 12 days left still to claim for the JTO and if those proposals tie
into that in any way. Yeah, so in terms of actually adding proposals onto the forum,
obviously anyone is welcome to drop a proposal on the forum, whether or
not it gets voted on is a different story. An example of this is actually right after
the tokenomics report kind of was dropped on the forum website. We did have a community
member who very quickly, I think within the same day or 24 hours, created kind of a draft JIP-17,
which would have been kind of this new tokenomics vote, I guess, for JITO.
It didn't end up getting voted on just yet because the community as a whole hadn't actually
fully discussed and, you know, agreed on what they wanted to vote on.
discussed and, you know, agreed on what they wanted to vote on. So that's kind of an example
of both what is coming, but also kind of an example of how governance processes kind of work.
We're expecting to see this pass in a few, you know, weeks. And I know the community is going
to be very excited about it, but a lot of this is thanks in part to the new head of governance, Nick, who just started a few weeks ago.
So it's a huge undertaking, this entire governance thing.
There's a lot of moving parts to it, a lot of moving components, and a lot of people that are involved in it, right?
Like I mentioned, not just people within the foundation labs.
It's other contributors, other projects within the space,
and obviously folks who have an incentive,
you know, airdrop holders, for example,
those who have been, you know,
aligned with JITO since the very beginning.
Governance is a way for them to kind of express their voice,
even if they're, maybe they don't have a lot of,
you know, social clout, right?
But if they've been, if they've been Judo aligned since the very beginning, they do have voting
power. So in terms of your question around like the airdrop, I don't actually have anything to
add around this. I only started at the foundation in October. So the airdrop was way, way past,
like way before my time. All I do know is that the community seems to have loved the airdrop.
And, you know, if at any point anyone wants to discuss the Jido Cabal, I'd be happy to, but,
you know, community is incredibly important. I do think that rewarding the community like Gito did with the airdrop early on was incredibly smart.
And that is why we're here today.
We have a lot of Gito aligned fans in the space here today, obviously.
But also we have a growing community on X, thanks in part to the Gito Cabal.
on X, thanks in part to the Gito Cabal.
So, yeah.
So, yeah.
So if there's anything software can appreciate,
it's definitely an amazing community and strengthen that.
So something actually NEPA had talked on earlier
that I'm super bullish on was that people have been asking
for different ways to generate revenue,
earn yield in this space.
And so, and she mentioned also, like I've been following along
with the DeFi guide on the Gito website. So I mentioned also, I've been following along with the DeFi guide
on the Jito website.
So I have this last question
and I want to kick it back over to NEPA for one more
if you have any more from our community
because we've got some other topics to cover
and some news before we get you guys out of here.
But I wanted to ask about the DeFi guide.
Can you offer any types of insights or strategies
or kind of just like for entry
level, you know, things that you wish you would have known when first looking at it
for our listeners and guardians?
Yeah, so definitely no investment advice here from me.
But if I were to look at, you know, the DeFi guide kind of early on, maybe even last year,
I probably would have just been experimenting
a little bit more, right?
So Jito Soul allows you, like it frees up your capital, right?
And so that obviously allows me to go
and explore a little bit more, right?
The DeFi page was kind of revamped a few weeks ago
and you see quite a bit of the different LPs
that you can
actually get exposure to. Not all of them have incentive campaigns, but some of them do, right?
And so what I would actually probably do if I had a little bit more time is I'd just be paying
attention to the monthly roundups that we put out. I usually publish them like at the end of the
month, but those will usually include some sort of incentive campaign that were announced in the past few weeks.
So whether it's, you know, a new LP being launched on Camino with some partner protocol, maybe it's some points exposure, kind of like I mentioned via Radex or via Exponent.
I mentioned via Radex or via Exponent, there's a whole lot of these protocols that do various
different things that allow me as the trader to kind of just have more opportunities, more exposure
to a lot of different protocols by just holding, you know, either one asset or, you know, like two
assets in a liquidity pool, for example. So in the case of Gito Sol, right, I can just stake it,
I can restake it, but then I can also provide liquidity if I want to. I can go loop it on
the Gito market on Kamino. You know, there's a whole variety of things that I can do in between
those things as well, right? If I just want to get exposure to fragmetric F points, there's a whole
like, there are threads on X, basically, that kind of go into the details on how you can do that.
Whether, you know, you want your points exposure, maybe you want just the yield exposure,
or maybe you just want to get the trading fees from people betting on either direction, right?
There's a lot of different things that you can do.
Not all of those are listed on the DeFi landing page on the Gito Network website.
But if you go on like DeFi Llama, for example, you'll be able to see quite a lot of the protocols
that are recently listed.
And then you can kind of go through and see, were there any, you know, incentive announcements announced by GitoSoul?
And if so, you know, does it make sense for me to go and explore this or not?
So for me personally, I do just a lot of like Fragmetric F-points farming right now.
And that's about it.
I really do enjoy, I enjoyed like the ui ux of this like you're able to you know choose
between the d5 platforms like different strategies um there's in total like 32 different strategies
so like a great like starting point and foundation it also works super smooth with soul for their
wallet just tested that out i'm gonna create a new wallet and mess around with this but before
i throw it over to nepa for a final question it looks like one of our guardians fto who is live
with us at accelerate check out his recent interview that we got with him fto looks like
you got your pop for a question what you got today fam of course i appreciate you quicks that uh that
interview was really awesome and just the experience itself was cool. First event,
you know, I got the chance to meet everyone. Great stuff. But I did want to meet Greg. You know,
he seemed a little busy. I was pretty busy myself. And it seemed like XDMs were down for that kind of
whole first day. So it was pretty difficult for anyone to really connect. But yeah, I see that you're still an MY over there, Greg.
So hopefully we can connect later in the next month.
But yeah, my kind of question for you was just how do you cater to the Gito audience
as, you know, yourself being an intern?
I think a lot of us are, you know, content creators or we're marketing in a sense.
So just a question for you how do
you really approach your audience and and kind of configure that personality for Gito in a sense?
Yeah that's a great question it's it's hard you know it's kind of every few months it kind of
changes what I'm what I'm doing on X basically, right?
And I think when I first started in October,
my goal was just to provide educational content
for the community in whatever way possible, right?
Whether it was just threads, more video content,
or just kind of explaining to people in the Discord
what Gito actually is.
But that very quickly progressed into people don't really want to read educational threads.
At least there's like phases on X, obviously, right?
The algo changes, threads were a thing before.
They're most definitely not now.
If you try to, you know, do threads, you'll very quickly see that the drop off on post two is pretty substantial.
And if you're trying to get people to click into something, that's really not going to work if you have a link in the second post in a very long thread or something like that.
So the algo changes, and so you have to constantly shift how you're kind of
getting people's attentions. But honestly, video is like the thing. It's like, I've known this
before, and I knew video is a great way to kind of get people's attention. But joining the
foundation, I was able to see the quality of work that Justin puts out on mid curve,
able to see the the quality of work that justin puts out on mid curve and kind of you know want
to get that on the uh jito soul side as well right we will we had all this amazing like interview
footage on mid curve and all this but we were trying to figure out okay how do we actually
get this kind of quality but apply it to educational content for for j. And so in the start of the year, we kind of pivoted our strategy
to going heavy on videos, much more so than we did in Q4. Basically, at least one video of some
kind every single day. And then in Q2, I kind of tried to ramp that up to two every single day from
like each account, right? And video obviously is so much easier to communicate
stuff to people especially if you keep it in short form right because people just people don't want
to read i think people just want to hear what the thing is that you're trying to at least sell or
teach them on and if you can do it in a very short and effective manner, it'll stick. And then people will have just a very easy thing to kind of reshare with others on X.
So like that was kind of our content strategy in the beginning of the year.
But, you know, that that's just X community obviously is not just catered to X.
It's also on Telegram.
It's also on Discord.
It's in in person right so it's really
about making sure that everybody that is interacting with anyone on the foundation side lab side or
whatever is getting the same kind of information about what gito network does a video is a great
way for us to kind of get that across but we obviously with IRL events we
have you know like pamphlets and stuff that kind of go through literally everything that is part
of Gito Network every single protocol uh stake net restaking you know what interceptor does
how governance affects everything what each token does um the institutional messaging points right and that that is kind of
maybe my next uh point here is right the the target audience for jito soul in the beginning
was primarily traders and you know like advanced um you know advanced players institutional players
searchers that kind of thing validators now jito is definitely catering more so towards retail, but traders, institutional players,
validators are still in the mix, right?
So it's a much broader audience, which kind of requires a much broader strategy when it
comes on social, but there's also more people involved, right?
So I definitely don't handle institutional messaging.
There's a team kind of handling that now.
Obviously, there's Rebecca Redding on the Gita Labs side.
We recently onboarded Thomas Un from Gene Street Capital.
gene street capital it's like 20 year vet basically from there um and so all these folks
It's like 20 year vet basically from there.
kind of have uh input basically like on the messaging uh for institutional players versus
some of the messaging that i take care of is definitely more so catered towards retail a lot
of the stuff that i do is around the jito cabal, obviously, which is our kind of community, homegrown community of
Gito enjoyers. And, you know, my goal is now trying to figure out how to scale this up,
right? We've started with about 200 folks. How can I get this maybe up to, you know,
a larger number, maybe not all Cabal members, but maybe just community members who are also as passionate
about GEDO as these GEDO Cabal members are. And how do we, you know, reward them in a way that's
acceptable by everybody, both from the legal side, but also, you know, as a community.
So we might have to do some sort of cross collaboration with the GEDO Cabal and
Soul Flare Guardians in the future. But pause went up. We're running out of time. I know Professor Callahan is going to already jump
in there and tell us how much more we need Soul Flare videos. The Fox is working on it, fam.
We got some more coming out from Accelerate, some more that we filmed out in the Philippines,
but we're going to go to both of those pause in a second. I've got to throw it back to my co-host.
Nepa has one more question for you, and then it looks like we're skipping over the news.
So after Nepa's question, I'll just throw in the Guardians link to get some new members in here because we've got to get ready that we've got the monkey down space after this.
We want to make sure we get all the questions in.
So, Nepa, I'm going to pass it back to you and get this link ready for when you're done.
Sounds good.
Okay, the question I want to go over is kind of just about Solana Accelerate since that recently just stopped and we saw you guys there. So Gito had a big presence at Solana Accelerate. What's Gito's vision for DeFi in America and can you share any exciting news about any upcoming events for Gito?
for Gito? Yeah, that's a great question. The vision for DeFi in America, that's a good one.
Obviously, we definitely want to see the U.S. take on a more kind of, I don't even want to call
a leadership role, but we definitely want to see the U.S. front and center when it comes to crypto.
And on the regulation front, the Gito Foundation has been doing incredible work.
Shout out to Rebecca and Tom here.
But they've been doing incredible work, basically going after all of these, you know, folks in the industry, folks in the government that are actually in charge of making up these rules um coming up to consensus about what the laws are going to be right um
i don't really have anything specifics on like what they have a plan coming up but we did release
a tax memorandum last week around judoO Seoul. Definitely more technical for, I think, this discussion here,
but does kind of outline the direction that, you know, the foundation is taking. And when it comes
to stuff that we're excited on, we obviously did announce some exciting stuff around the JITO
Cabal at Accelerate. I did want to preface though that this isn't being launched by the Gito
Foundation, but by the Gito Cabal itself. It is a NFT. And I don't know how many of you may have
seen this. The team that's building this kind of project out for the Cabal dropped some pamphlets
around the Accelerate floor on Thursday and Friday, I believe. It kind of shows this NFT project that's been built by a few Cabal members.
So just as a quick preface, the Cabal is just a community made up of devs, builders,
community members, you name it.
They're all Jito enjoyers, but some of them also are NFT devs. And we had a few of them want to work on this NFT for the Jito Cabal, and they basically got it done.
So now we're in the process of getting it finalized.
The kind of like staking mechanism that we have on the back end just needs to be finalized.
And then we're ready to announce it.
So I'm not going to spoil too much about what
the NFT is the pamphlets been posted around I know Susano who's one of the SoulFlare Ambassadors
posted a video kind of going through all the pages so definitely recommend you you know going on his
uh page and checking that out but I'll stop here also shout out FTO. I stopped by the Soul Flare booth trying to find you, but
it seems we missed each other. So we'll have to catch up some other time. But
thank you so much for having me on, guys. Really appreciate it.
For sure. For sure. I'll give it back to Quix for any last questions. If there's polls up,
I don't see any of them. So I just need you to do what you need to do we had two paws that came up before those paws get to i went ahead and dropped the link for the
next batch of 15 guardians to come and enter our community pinned it up top so if you already have
notifications on went straight to it live right now first come first serve g4g welcome new members
also next week i'm going to be implementing a new Fox system for this
because I have a cooler way to do it.
I'm just going to do it.
But anyway, we're going to go kick it over.
We have two more paws up.
Professor Callahan and then Q was up here as well for some final questions,
and then we'll get you guys out of here for the Monkdown space with Soul Flare
right after this.
Professor Callahan, appreciate you, fam.
What was your question?
Yeah, thank you uh so yeah basically
i just wanted to comment on what greg said about uh shifting the content towards videos but more of
a more of a question for for greg is how have you seen uh the improvement when it comes to your social numbers, when you shifted towards videos in correlation
between static images or threads and so on?
Or have you seen a better response from the community
while you were posting or started posting more videos?
That's what I'm interested about.
Yeah, those are good questions.
So let me see when we first started
posting videos when I started like in October we saw an increased number in views but the issue is
we weren't actually consistent at least on my end I wasn't consistent with the amount of videos that
I was putting out like every single day right and so as soon as I switched to like a set schedule myself, where every single day
there's, you know, at least one clip going out, it doesn't have to be, you know, mid-curve content
all the time, but if it's Lightspeed, for example, or Bell Curve, or any of these others that
highlight something Jita related,
I would do my best to make sure there was at least one clip kind of going out every single day.
And so as soon as I did that, I did see an increase in the number of people that were actually watching the videos.
So the views obviously went up.
But the biggest change was actually once we started the cabal,
But the biggest change was actually once we started the cabal, because that gave an incentive to for the community, at least to start engaging with every single post.
Right. Before that, it was merely the folks who were really interested in the given topic.
Right. So a good example of this is the Joe McCann episode on MidCurve is our, ranked episode ever. And it was actually recorded exactly what,
uh, one year ago tomorrow.
So a lot of people tuned into that mainly because it was, uh,
like a super bullish on episode. Right.
And so if we had more of those, that would be great. But like,
that episode did so well because the the topic and the content
and all of that just kind of fit exactly at that time um all of the other content that we've kind
of put out since the start of the year was mainly around like um current things that we're doing
either restaking uh partners that we have some interviews some campaigns we've run with like moonwalk and
all these other partners and they all get really good engagement too now because of the jito cabal
because we have this hardcore group of community members that doesn't matter what we post they're
always in the replies we got so many reply guys now that it's wonderful to see. But with all of the video content that we've been putting out, like it was like both of those things kind of happened around the same time.
So I can't necessarily tell you, oh, yes, it's because the video content increased, you know, tenfold compared to like last quarter.
The cabal kind of started around the same time
that the strategy for socials kind of changed as well.
So, yeah.
Great question, Professor Callahan.
And we have time for one more question from Q.
And then we gotta get you guys out of here
because Next Monk Space is starting right up.
Q, appreciate you from our all domains, friends and fam.
What you got for Gito?
Can you hear Q, Nepo?
No, no, no.
I was thinking it was just me.
Q, we can't hear you.
Dang.
Q, you've been up here for a minute. Maybe if you drop down and come back up, we'll have enough time.
But if there's another Paul Quicks, we should go to it.
Well, we also did have enough time during this space for everyone to hop in, ask questions.
And if we missed you guys, make sure that you're checking in with the Jito Cabal.
And I'm sure this isn't the last time that we're going to be cooking together Soul Flare and Jito.
I could definitely see ourselves like on a stream deep
diving more into the product demo but for now nepa do you have any final words uh because i know we
didn't get a chance to cover the solana news but is there any anything that you wanted to say before
we head over there um i had a great time at solana accelerate last week meeting everyone that i got
to meet there was a few people that i didn't get to meet, was very busy
minded. But if you guys ever have an opportunity to go to these in person events, definitely do it.
I think it's very much worth your time, energy and money. Lots of giveaways to get your money back.
But even if not, there's just a lot of people to meet and people to network with that is beneficial
for you. Like I would not be in this co hosting position if I didn't have the network with that is beneficial for you. Like I would not be in this co-hosting position if I didn't have the network that I did today.
Other than that, I appreciate everyone
for coming on episode 20 with Gito.
Thank you for being here and representing Gito, Greg.
But yeah, just take care of yourself
so we can see you next Monday
during Hold Strong number 21.
And yeah, I'll see all the new guardians
in the telegram and we'll go from there.
That's it for me.
I appreciate you so much, Napa, truly.
And I appreciate all of our team, Guardians, Ambassadors, all the listeners, the Gito Cabal, the entire community, everyone that showed up today for Hold Strong Episode 20.
No matter where you are in the world, it meant the world to us because you could have been anywhere in the world, but you were live or listening back because this space is recorded.
So make sure to like and repost one more time for our listeners around the world uh welcome to our new
guardians that just joined g4g this is the way and i went ahead and pinned up top the space where
quicks and nepa are heading over next to support the monk dao who did a sweet closing party at
accelerate so if you were on the list and you were there you know you know we appreciate all you guys
we'll see you at the next space and of course hold strong next week episode 21 again follow the soul flare account
join the wait list and download the soul flare wallet if you haven't already much love guys
here's the six second delay because the great elon musk he's launching rockets building tunnels
shipping tesla robots not the ones that accelerate but he'll work on he made a whole bunch of updates
i guess none to this six second delay,
but we'll see you guys in the next space.
Bye y'all.
Later guys. Thank you.
