📣 𝗔 𝗡𝗲𝘄 𝗘𝗿𝗮 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗝𝗶𝘁𝗼 𝗗𝗔𝗢 🏛️
“JIP-24: Jito DAO Receives All Jito Block Engine Fees and Future BAM Fees”
What is JIP-24? ⚖️
This NEW proposal (available on the Jito Network forum) outlines a fee restructuring for Block Engine fees. Instead of the current 50/50 split of Jito Block Engine fees between Jito Labs and the Jito DAO, JIP-24 proposes 100% go to the Jito DAO Treasury (including all future BAM fees).
• Current: 6% Block Engine fees split 50/50 (Labs/DAO)
• Proposed: 100% to DAO Treasury + ALL future BAM (Block Assembly Marketplace) fees 💥
Timeline:
• Immediate: Fee switch (provided vote passes)
• Short-term: CSD launches value accrual program
• Long-term: Sustainable & transparent revenue engine
Benefits:
• protocol value accrues to $JTO holders
• Jito DAO controls all protocol economics
• Establishes a framework for future revenues
• Introduces an industry-leading governance model
• The CSD (from JIP-17) manages fees for value accrual
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