PANews, August 6th news, according to CoinDesk, Jito Labs proposed a new governance proposal JIP-24 on Tuesday, aiming to directly transfer all block engine and BAM fees to the Jito DAO treasury, further promoting network decentralization. If the proposal is passed, the DAO will control protocol revenue and direct it to JTO token holders, reducing Jito Labs’ influence on the network, increasing the role of DAO sub-groups in development, and Jito Labs hopes to enhance token value through this.
Currently, the Jito Block engine rewards are distributed evenly. JIP-24 will eliminate this method, permanently transferring all 6% fees and future BAM-related income into the DAO treasury. It is estimated that BAM-related fees, especially plugin activity fees, could bring an additional $15 million in new revenue to the DAO each year. The proposal also designates funds for the development plan of the Crypto Economy Sub-DAO (CSD).
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