Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury

Description

Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. If approved, the DAO would assume control over protocol revenue streams, directing them to the network's JTO tokenholders. This in turn would reduce Jito Labs' own influence over the network of the same name, while a DAO subgroup takes on a greater role in development — whic...