Jito Labs Proposes a Bold Step to Enhance DAO’s Revenue Flow

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.