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Jito Proposal: The fees from Block Engine and BAM will be fully transferred to the DAO treasury.
According to Hashworld News, Jito Labs has submitted a governance proposal JIP-24, planning to transfer 6% of the transaction fees from the Jito Network's Block Engine in the Solana ecosystem, as well as all future BAM income, into the Jito DAO treasury, canceling the existing "3% Labs/3% DAO" distribution. Once the proposal is approved, the DAO will have full control over the protocol's revenue, which will be used by the Cryptoeconomics SubDAO to formulate value return strategies, with the official expectation of an annual increase in revenue of $15 million.
$SOL #Cryptocurrency # Blockchain #DAO # Solana #GovernanceProposal