What Is Kyros? kySOL Liquid Restaking on Solana

Restaking reuses staked assets to secure more than one service. On Solana, Jito built the plumbing: a Vault Program that mints and burns vault receipt tokens (VRTs), and a Restaking Program that lets NCNs and operators opt in, hands out rewards and enforces slashing rules ⁴. Kyros runs vaults on top of that system.

1. You deposit SOL or JitoSOL in the Kyros app and receive kySOL ².
2. Your deposit is held as JitoSOL, so it keeps earning ordinary staking rewards and MEV tips ².
3. Kyros delegates the vault's stake to node operators, who run the NCN software. The operators listed in Kyros's docs include Kiln, Helius and Everstake. The NCN they serve is Jito's TipRouter, which distributes MEV tips ⁶.
4. NCN rewards are added to the vault, so each kySOL redeems for a growing amount of JitoSOL. Kyros says its yield should be at least JitoSOL's, but restaking rewards vary and are not guaranteed ².

kyJTO applies the same model to Jito's JTO token, earning extra rewards from securing TipRouter ⁵. kyKYROS is the vault token for KYROS ¹⁶. kySOL also has a deployment on Eclipse ⁶.

You have two ways to exit:

• Unstake through Kyros: your request starts at the next Solana epoch. After one full epoch, about two and a half days, you claim JitoSOL, not SOL ³. To get SOL you then unstake or swap JitoSOL separately.
• Swap on the market: sell kySOL on an aggregator such as Jupiter for an instant exit ³. The price depends on liquidity and can be below redemption value.

Kyros's docs do not list a kySOL fee. DefiLlama's methodology records a 0.2% withdrawal fee, of which 0.1% is Kyros revenue ¹². Underlying JitoSOL and NCN arrangements may carry their own fees.

• kyGBP: a yield-bearing wrapper on tGBP, a pound-sterling token on Solana. Kyros adds yield to the vault over time, and the redemption rate cannot fall. A 3% performance fee is taken from that yield. Only whitelisted wallets can deposit or redeem, although kyGBP itself can be transferred freely ⁷.
• Kyros Vaults: single-strategy USDC vaults. Each runs one trade and closes when it ends. A Kyros operator moves the USDC to trading venues and reports the value deployed. A Kyros multisig can pause vaults, change fees, replace the operator and upgrade the program. Withdrawals are fee-free for now, but may have to wait until capital returns from a trade ⁸.

KYROS is a Solana token with an initial supply of 50 million. Supply is not capped: new tokens can be minted through futarchy on MetaDAO, a system that uses prediction markets to approve proposals ⁹. The allocation ⁹:

KyrosDAO LLC's own legal notice describes KYROS as speculative, with no underlying assets. It says the token may lose all of its value and that the issuer is not authorized under the EU's MiCA rules ¹⁰. SwissBorg, which ran part of the public sale, supported Kyros's development from 2024 ⁹¹¹.

• Layered contracts: kySOL depends on Kyros's vaults, Jito's Vault and Restaking programs, and the JitoSOL stake pool ⁴⁶. A bug in any of them can affect your deposit. Kyros's docs and DefiLlama list no audit of Kyros itself ⁶¹².
• Slashing: Jito's Restaking Program can enforce slashing rules for NCNs ⁴. If an operator misbehaves on a slashable NCN, the vault could lose stake.
• Admin control: a "Main Authority" multisig is listed in the docs ⁶, and the vault multisig can upgrade programs ⁸. You rely on its signers.
• Liquidity: with about $12.8M locked as of October 2026, down from a $51M peak in May 2025, kySOL's secondary-market depth is limited ¹². Large exits may need the epoch-based unstake.
• Permissioned products: kyGBP can only be redeemed by whitelisted wallets ⁷.