Definitions
A glossary of terms used in Jito Restaking.
- Node Operator (or Operator): A specialized party who runs core functionalities for NCNs, such as performing specific offchain computations and participating in consensus
- Node Consensus Network (NCN): A set of node operators running software for the same network, working together to achieve consensus and provide services.
- Vault: A smart contract that securely holds staked assets and delegates them to operators.
- Vault Receipt Token (VRT): A tokenized representation of staked assets inside a vault, allowing for liquidity and composability.
- Staking: The process of collateraliziung assets to support network operations and earn rewards.
- (Re)staking: The process of staking already-staked assets, such as liquid staking tokens. E.g. Whereas users can “stake” SOL to NCNs, users can “(re)stake” JitoSOL to NCNs.
- Slashing: A penalty mechanism where a portion of staked assets and/or expected rewards are forfeited if an operator misbehaves or fails to meet performance requirements.
- Delegation: The act of assigning staked assets to specific operators within the network.
- Multi-Asset Staking: The ability to stake various types of SPL tokens, not limited to native blockchain tokens.
- Liquid Staking: A form of staking that provides liquidity to Solana stakers.
- SPL Token: Solana Program Library Token, a standard for creating and managing tokens on the Solana blockchain.
- Epoch: A fixed period in the blockchain during which staking rewards are calculated and distributed.