One year of BAM and couldn't be happier for what we've accomplished. By far the most challenging project we've worked on at Jito; everything between Linux kernel patches, deeply understanding AMD SEV-SNP, systems performance tuning, and scheduler design. From ~2% of stake to ~36%, three major scheduler refactors, almost all Solana propAMMs using maker priority plugin, and two clients. The data on spreads and markets for BAM leader slots is very interesting and hoping to share more on this soon. Even more excited for some of the plugins for Solana traders we're cooking on over the next three months. Job is not finished.

BAM Preconfirmations are now live via @Helius and @triton_one Get access to the lowest latency data stream from validators running BAM-compatible clients; covering over 34% of network stake

the below video conference is a great rundown if youd like to get caught up on all things @jito i wanted to provide more color on plugins since this area of BAM is how it differentiates itself from other block builders and introduces ACE. - MPP utilization is hovering around 40%. meaning, users enrolled in the service are using MPP for 40% of all their oracle updates for enrolled accounts. this number has gradually increased over the last few weeks and peaks higher during periods of elevated market volatility, indicating users are continuing to adopt the plugin and use it more when they need it most - 40% might look low (we are shooting for higher), but the largest users (BisonFi, Tessera, ScorchFi) quoting the most competitive markets -- SOL/USDC -- are using MPP for 70-90% of their oracle updates. the biggest and best clearly see a benefit. - among these market makers, we are seeing signs of quoting tighter during BAM slots, and we are working with them to understand how we can accelerate even tighter spreads. this includes shipping BAM Time, giving prop AMMs smaller notions of time onchain than what is currently offered by solana's sysvar clock - for enrolled users who are not using it as frequently, i think there are areas in other parts of the stack that can increase utilization. for example, we'll be open sourcing BAM leader aware MPP sender code, to make it even easier to send oracle updates via MPP during BAM slots - we're also continuing to onboard more makers and markets. this is exciting to think about, bc zooming out, the results we're seeing on SOL/USDC, where high frequency priority is more important, can be applied to ANY market that scales. so as solana continues to grow and attract more liquidity, MPP will be battle-tested and ready to usher better experiences for market makers on ANY market Zooming out a bit more, MPP gives us the opportunity to work with some of the most sophisticated traders in crypto, which provides us valuable insights that we can apply in other areas to improve the experience for a much wider surface area of traders on solana. and IMO, that is the exciting part about MPP -- by plugging in prop AMMs, we're not only helping market makers quote tighter, we're also gaining a glimpse of how we can plugin [redacted] accelerate!

New day, new largest trade on JTX. A JTX user executed a $10M USDC → SOL TWAP, with 241/241 orders filled onchain over 4 hours with zero reverts and retries. ‣ 0.35 bps avg fill vs quoted price ‣ 1.05 bps avg market impact ‣ JTX beat CEXs on 227/236 comparable fills ‣ ~$3,900 saved in execution costs Bidding size? Just use JTX.

With slot times coming down on mainnet, we want to experiment with BAM auction tick rates. Current trajectory (subject to change based on feedback/performance) - 400ms slots -> 50ms - 350ms slots -> 35ms - 300ms slots -> 30ms - 250ms slots -> 25ms - 200ms slots -> 20ms

Two days out from @jito's Q2 tokenholder call. Thursday, 1pm ET. Lucas Bruder (CEO, Jito Labs) and Brian Smith (President, Jito Foundation) live with @minnus. Last call to get your question in front of the team — we're taking submissions until tomorrow: Already on the list: BAM's path past 33% of network stake, where JTX goes after spot, and how holders should think about value accrual once the subsidy rolls off Sept 30. Register:

A JTX user completed a $2M TWAP of $USDC into $SOL this morning By breaking the order down into 241 sub orders over 4 hrs, each individual order had an average price impact of just 0.88 bps and filled within 0.08bps of the quoted price Running a similar trade on a leading CEX would have resulted in $624 more in fees/execution costs The best place to buy $SOL is on @Solana

Something cool happening here IMO. The Jito Stake Pool has around 10 million SOL staked in it, and we don’t want that SOL to sit out of participating in the new governance system. So we’ve built a system that allows you to vote with your JitoSOL. A few interesting things about this: This ensures that JitoSOL has all of the governance utility that SOL has. In fact, it has more, because if you vote, the signal you generate will influence the entire stake pool. That means you can have up to 10X the voting power in the forthcoming governance votes. This makes JitoSOL holders in the top 5 most influential votes on the network. We created the concept of a “quorum trigger” for this. We only trigger the stake pool if we get 10% of JitoSOL TVL to vote. This felt like a reasonable legitimacy threshold to swing the entire stake pool. We vote early. In order to canvass the opinion of JitoSOL holders in advance of the on-chain governance votes we do our votes in the review period before the on-chain votes happen. As more voters join over time, JitoSOL will mature into being an exit poll for major governance votes on the network. Generally, this is a step forward in LST governance, which I believe will become of a bigger feature of blockchain governance going forward. If you hold JitoSOL, get involved. Under 3 epochs to get your vote in. Instructions in the QT.

BAM Workshop with Dr. Nick (@DrNickA) | Wed 2nd, 12:00 BAM (Block Assembly Marketplace) is @jito's block building architecture for @solana, and it is the layer the next generation of onchain exchanges gets built on Nick will walk through how BAM works, what the plugin framework opens up, and why it matters Welcome to the castle, Dr. Nick ⚔️🏰

FireBAM is now fully open source, with the full Mainnet release live. FireBAM also supports both Frankendancer and the full Firedancer client now, giving validators BAM's verifiable ordering and full access to Jito Tip & Priority Fee revenue.