what is the solana:G4PZQ4tTMjeNQfrSyMUMXN919NTeKA8hXUEzjRmr9btr actually? 🐷🏦
It's not random. It's the most important part of
@jito 's whole machine.
In the original whiteboard video, Jito breaks down how MEV works on Solana:
→ users send high-priority transactions to the Jito Block Engine
→ the block engine runs an auction built to make validators and stakers as much money as possible
→ the most profitable trades get forwarded to validators, who process them fast
→ and the tips from all of it flow into…a piggy bank
That's the pig. it's where every validator tip lands before it gets paid out to stakers. Per the video, over a billion dollars has flowed through it to stakers so far.
@buffalu__ drew the poorly drawn piggy bank as the most single most valuable spot on their diagram.
So we adopted it. solana:G4PZQ4tTMjeNQfrSyMUMXN919NTeKA8hXUEzjRmr9btr works the same way the real one does: money flows in, holders get paid. 3% of every transfer goes to holders in solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL.
Watch the original video + live payout counter:
piggybank.run
CA: G4PZQ4tTMjeNQfrSyMUMXN919NTeKA8hXUEzjRmr9btr