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The Solana ecosystem's Jito protocol plans to create a sub-DAO to boost the value of JTO through multiple strategies.
According to reports from 【币界】, the Solana ecosystem's liquid staking protocol Jito is currently creating a new subDAO aimed at promoting protocol development and enhancing the value of its governance token JTO. Based on a proposal written by Jito's governance head, they will refine and implement new strategies such as token buybacks, yield subsidies, and fee-switch treasury, among others, to support the price of the JTO token.