Jito Proposes to Transfer All Block Engine and BAM Revenue to the DAO Treasury
According to Jinse Finance, Jito Labs has submitted governance proposal JIP-24, which aims to allocate 6% of the Solana ecosystem Jito Network’s Block Engine fees and all future BAM revenue entirely to the Jito DAO treasury, eliminating the current “3% Labs/3% DAO” split. If the proposal passes, the DAO will have full control over protocol revenue, allowing the Cryptoeconomics SubDAO to develop value return strategies. The official estimate projects an annual revenue increase of approximately $15 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS: The Fed’s Upcoming Rate Cuts May Boost the Stock Market
UBS: Fed Rate Cuts Could Boost Stock Market, S&P 500 Annualized Return May Reach 15%
Wall Street expects the Federal Reserve to adopt a "hawkish rate cut" strategy
Superstate launches on-chain direct issuance solution, enabling companies to raise funds through tokenized stocks
