Seems like a kind of a big deal.
JIP-24 has officially reached quorum on realms and is set to pass.
This change will route *all* future Jito Block Engine + BAM fees to the crypto economic subDAO.
This will essentially increase Jito's take rate on Tips by 110% nominally, from 2.7% to 5.7%. (caveat that total will be 6% but .3% currently goes towards various jito VRTs)
However, revenue is denominated in jitoSOL, so effective USD revenues scale with both take rate and jitoSOL/SOL price.
The subDAO is tasked with designing and executing value-accrual mechanisms; this JIP earmarks BAM/Block Engine fees for CSD-directed programs.
The desired outcomes of the CSD from JIP-17 can be seen below.
With several DATs targeting over $2.25B in aggregate funding and 8 spot SOL ETFs pending approval, most with an October decision timeline - JTO appears very well positioned among Solana tokens to benefit reflexively & potentially outperform SOL if the value accrual mechanisms prove to be effective.
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