Jito Labs Proposes a Bold Step to Enhance DAO’s Revenue Flow
Main Idea
Jito Labs has proposed JIP-24 to direct all Block Engine and Block Assembly Marketplace fees into the DAO treasury, aiming to enhance the DAO's revenue flow and support JTO token value.
Key Points
1. Jito Labs' proposal JIP-24 seeks to redirect all Block Engine and BAM fees to the DAO treasury, currently shared between the DAO and Jito Labs.
2. If approved, the DAO would gain control over the protocol’s revenue flow, potentially generating $15 million annually for development and initiatives.
3. The Cryptoeconomics SubDAO (CSD) would use these funds to devise strategies to enhance the JTO token's value.
4. Following the proposal, JTO's price rose to $1.78 but later settled at $1.65, with potential downside risks if key support levels are breached.
5. The proposal reflects a shift toward strengthening the DAO's role in Jito Network’s governance and economic sustainability.
Description
The JIP-24 proposal seeks to direct all protocol fees to the DAO treasury. This move could enhance JTO's price, elevating DAO's development role. Continue Reading: Jito Labs Proposes a Bold Step to Enhance DAO’s Revenue Flow The post Jito Labs Proposes a Bold Step to Enhance DAO’s Revenue Flow appeared first on COINTURK NEWS .
Latest News
- Binance Founder Makes Bold Move in $1.76 Billion Legal Battle2025-08-06 07:26:10
- Firms Move Their Focus as Bitcoin’s Corporate Reserve Trend Eases2025-08-06 06:45:09
- Vitalik Buterin Proposes Simplified Ethereum Fee Structure2025-08-06 06:14:31
- Ripple Leads the Way in Shaping U.S. Crypto Legislation2025-08-06 03:12:59
- Osaka Exchange Drives Growth in Crypto with Derivatives Focus2025-08-06 01:32:31