Jito wallet

What is Jito (JTO)?

Two tokens carry the Jito name, and holders regularly mix them up. JitoSOL is the receipt you get for depositing SOL into Jito's stake pool. JTO is something else entirely: the governance token of the Jito Network, used to vote on how the protocol is run - fee settings, the treasury, the direction of its MEV tooling. Holding JTO stakes nothing, and its balance sits still until you move it.

What it governs is worth knowing. Jito's validator client runs an auction inside each block for the right to capture maximum extractable value - the value that comes purely from the order transactions execute in, such as an arbitrage between two Solana pools after a large swap. Instead of leaving that to a private race, the auction makes it explicit and routes the proceeds through the protocol. JTO holders steer the parameters around that machinery.

Mechanically it is an ordinary SPL token: it lives in a token account linked to your main Solana address, that account carries a small SOL rent deposit, and every transfer or vote transaction is paid for in SOL. Keep a little SOL in the same wallet or you will be holding a token you cannot move.

A governance stake is the kind of thing you open once a quarter, if that. In Tangem the private key is created inside the card's chip and never leaves it, and a second identical card is what stands in for a recovery method - a seed phrase is offered but optional. Between votes the card goes back in a drawer, which suits a position measured in years rather than trades.

Supported networks in Tangem (1): Solana.