Jito Labs Proposal: A Revolutionary Step for Solana Decentralization
Main Idea
Jito Labs has proposed JIP-24 to redirect all Block Engine and Block Assembly Marketplace (BAM) fees to the Jito DAO treasury, enhancing Solana decentralization and empowering JTO tokenholders.
Key Points
1. JIP-24 proposes redirecting all Block Engine and BAM fees to the Jito DAO treasury, removing Jito Labs' control over these revenues.
2. The proposal aims to enhance Solana decentralization by shifting control from a centralized entity to the community-governed Jito DAO.
3. JTO tokenholders will gain direct control over the Jito DAO treasury funds, enabling community-driven decisions on fund allocation.
4. Potential benefits include incentive programs for network participants, grants for developers, and funding for MEV solutions research.
5. The proposal reflects a commitment to a more transparent, equitable, and community-controlled future for the Jito protocol and Solana ecosystem.
Description
BitcoinWorld Jito Labs Proposal: A Revolutionary Step for Solana Decentralization A truly significant development is poised to reshape the Solana ecosystem, thanks to a bold and forward-thinking move by Jito Labs. This prominent Solana infrastructure firm has officially put forth a groundbreaking Jito Labs proposal , known as JIP-24, aiming to fundamentally alter how network fees are managed within its protocol. Initiated on August 5, the proposal seeks to redirect all Block Engine and Block Ass...
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