Jito Labs Proposes Routing All Block Engine Fees to DAO Treasury
Jito Labs has introduced governance proposal JIP-24, which aims to enhance decentralization by allocating all Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. Key details include:
- The DAO would gain control over protocol revenue streams, reducing Jito Labs' influence.
- Current fee distribution is 3% for Jito Labs and 3% for the DAO; JIP-24 proposes to send the entire 6% to the DAO permanently.
- BAM, a marketplace for programmable block assembly on Solana, will contribute additional revenue from plugin-related fees, estimated at $15 million annually.
- Funds would support initiatives by the Cryptoeconomics SubDAO, focusing on value accrual strategies for tokenholders.
- If approved, JIP-24 could significantly reshape the governance of Jito's revenue, enhancing the financial role of the DAO.
The Jito Network operates within Solana’s ecosystem, providing tools that optimize transaction sequencing and align incentives among validators and tokenholders.