Jito Labs proposes full revenue control for DAO in JIP-24 governance proposal
Main Idea
Jito Labs has proposed JIP-24, a governance proposal to route all protocol-generated fees to the Jito DAO treasury, potentially giving the DAO full control over revenue management and impacting the JTO token value.
Key Points
1. JIP-24 proposes rerouting all Block Engine and BAM fees to the Jito DAO treasury, estimated to generate $15M annually.
2. Currently, 6% of Block Engine rewards are split between Jito Labs and the DAO, but JIP-24 would direct the full 6% to the DAO.
3. BAM, a new transaction sequencing layer, introduces monetization channels, with revenue expected to be substantial alongside Block Engine fees.
4. Revenue will be managed by the Cryptoeconomics SubDAO (CSD), tasked with designing token value-accrual strategies like buybacks and staking incentives.
5. The proposal could strengthen the economic case for holding JTO by centralizing revenue within the DAO, potentially increasing demand-side pressure on the token.
Description
In a bold step toward deepening decentralisation and empowering token holders, Jito Labs has introduced a governance proposal, JIP-24 , that seeks to reroute all protocol-generated fees directly to the Jito DAO treasury. The initiative has generated significant buzz across the Solana ecosystem, as it signals a potential shift in how value is captured and redistributed within one of the network’s largest DeFi protocols. If approved, the proposal will not only eliminate Jito Labs’ share of fees bu...
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