logo

Jito Labs proposes to distribute protocol revenue to JTO holders to further the decentralization of the network

By: theblockbeats.news|2025/08/05 14:11:39

BlockBeats News, August 5th, Jito Labs initiated a new governance proposal named JIP-24 on Tuesday, aiming to further decentralize the network. The proposal suggests routing all Block Engine and Block Assembly Market (BAM) transaction fee revenue directly to the Jito DAO treasury.


If the proposal is approved, the DAO will take over the protocol's revenue stream and distribute it to JTO token holders. This action will reduce Jito Labs' own control over the Jito network while allowing a sub-governance group within the DAO to play a more significant role in protocol development — Jito Labs hopes this will ultimately enhance the value of the Jito token.


Currently, the rewards generated by Jito's Block Engine are distributed as follows: 3% to Jito Labs, 3% to the DAO. However, the JIP-24 proposal will eliminate this profit-sharing mechanism, with all future 6% transaction fees, as well as all revenue related to BAM, permanently allocated to the DAO treasury. Jito Labs stated in the proposal:

"This proposal embodies the Jito ecosystem's commitment to ensuring that protocol fees are returned to token holders as efficiently as possible, and it establishes the DAO's core position in Jito network technical and economic governance."

JTO experienced a brief 6% surge before pulling back, raising its market value to $1.355 billion.
CEA Industries has successfully completed a $500 million private placement, and the stock ticker will be updated to BNC.

You may also like

Share
copy

Gainers

Latest Crypto News

16:16

Tom Lee: BTC has increased 100x since our initial client recommendation, and ETH is now entering a similar super-cycle.

16:16

Ethereum Drops Below $3,100

16:16

In the past 1 hour, the total net liquidation across the network was $59.26 million, with the majority coming from a long position liquidation.

15:46

Ethereum's 7-day Net Supply Change Increases by 18,262 ETH

14:16

DASH Surges Over 22% in 24 Hours, Currently Trading at $96.75

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]