The MEV project Jito Labs on Solana has proposed a governance proposal JIP-24, which aims to route 100% of the total protocol fees generated by its Block Engine and Block Assembly Marketplace (currently at 6%) to the Jito DAO treasury, abolishing the existing distribution mechanism where Jito Labs and DAO each receive 3%. The proposal will also include future BAM plugin-related revenue into the DAO, which is expected to increase the DAO's revenue by about 15 million dollars annually. If passed, JTO holders will gain greater power in network governance and revenue.

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JTO1.89%
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