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
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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