Restaking Theory of Operation

1. Introduction

The Restaking Program serves as a registry and management system for Node Consensus Networks (NCNs) and operators within Jito’s Liquid Restaking ecosystem. It facilitates the registration, warmup, and cooldown processes for these entities.

1.2. Key Components

• NCN (Node Consensus Network): Entities that manage consensus and validate operations.
• Operator: Entities that manage stake and perform delegations.

1.3. NCN Management

1.3.1. NCN Registration

• NCNs can register with the program using the InitializeNcn instruction.
• Each NCN is associated with a unique public key and metadata.

1.4. Operator Management

1.4.1. Operator Registration

• Operators register using the InitializeOperator instruction.
• Each operator is associated with a unique public key and metadata.

1.5. NCN-Operator Relationships

• The program manages the relationships between NCNs and operators.
• InitializeNcnOperatorState establishes a connection between an NCN and an operator.
• These relationships can be warmed up or cooled down using respective instructions.

1.6. NCN-Vault Relationships

• The program manages the relationships between NCNs and vaults.
• InitializeNcnVaultTicket establishes a connection between an NCN and a vault.
• These relationships can be warmed up or cooled down using respective instructions.

1.7 Operator-Vault Relationships

• The program manages the relationships between operators and vaults.
• InitializeOperatorVaultTicket establishes a connection between an operator and a vault.
• These relationships can be warmed up or cooled down using respective instructions.

1.8. Interaction with Vault Program

• While the Restaking Program doesn’t directly manage tokens, it provides the necessary infrastructure for the Vault Program to make informed decisions about delegations and token management.