PANews reported on August 5th that, according to CoinDesk, Jito Labs submitted a governance proposal, JIP-24, which proposes transferring 6% of Jito Network's Block Engine fees and all future BAMPANews reported on August 5th that, according to CoinDesk, Jito Labs submitted a governance proposal, JIP-24, which proposes transferring 6% of Jito Network's Block Engine fees and all future BAM
Jito proposes transferring all Block Engine and BAM fees to the DAO treasury
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PANews reported on August 5th that, according to CoinDesk, Jito Labs submitted a governance proposal, JIP-24, which proposes transferring 6% of Jito Network's Block Engine fees and all future BAM revenue from the Solana ecosystem to the Jito DAO treasury, eliminating the existing "3% Labs/3% DAO" split. If approved, the DAO will fully control protocol revenue, which will be used by the Cryptoeconomics SubDAO to develop a value-return strategy. Officials estimate that this will generate approximately $15 million in annual revenue.
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