I don’t quite understand how Marinade and Jito work. I currently have a stake solflaire at cogent and stakehaus. If I stake in Marinade and Jito and do not use the msol or jitosol tokens for anything, do I have a greater risk of losing the staked solana? Or do I only have a greater risk if I use msol and jitosol in other defi protocols?

  • Ok_Language_5003@alien.topB
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    1 year ago

    I’d say that the risk could be considered ‘contract risk’ - if the contract is exploited then you could lose your funds. The probability of this is unknown.

      • A_Dancing_Coder@alien.topB
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        1 year ago

        Answer not entirely correct above. Liquid staking is where you are exposed to smart contracts. Native staking like staking with validators is fine. And Marinade Native is fine as well. You retain custody of your funds.

      • c2yptic@alien.topB
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        1 year ago

        The absolut safest approach is to stake directly to a validator, such as Cogent. You could perhaps try both. Good luck and stay risk averse!

      • tchan28@alien.topB
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        1 year ago

        Jito uses a fork of Solana Lab’s so you’d assume the risk isn’t as high (relatively speaking) as they are regularly audited.

        Personally I’m using Jito for the next couple months and then re-evaluating since they are offering 3x point rewards for swapping to them with rumors of a potential airdrop (unconfirmed).

        You risk it having it de-pegged, which, ya never know