Jito Proposes to Transfer All Block Engine and BAM Revenue to the DAO Treasury
According to Jinse Finance, Jito Labs has submitted governance proposal JIP-24, which aims to allocate 6% of the Solana ecosystem Jito Network’s Block Engine fees and all future BAM revenue entirely to the Jito DAO treasury, eliminating the current “3% Labs/3% DAO” split. If the proposal passes, the DAO will have full control over protocol revenue, allowing the Cryptoeconomics SubDAO to develop value return strategies. The official estimate projects an annual revenue increase of approximately $15 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Liquidity Unconcerned? The Federal Reserve Hits 'Pause' Again, Ceasing Reserve Management Bond Purchases Until Mid-October
The Federal Reserve announced on Monday that it will not conduct short-term Treasury bond purchases for reserve management purposes in the next phase for the second consecutive month, indicating that policymakers are satisfied with the level of bank reserves in the financial system.
Trump connects with Jensen Huang: Slams AI threat as a "scam" and strongly supports data centers, calling them the "oil of the future"
Trump participated in a live call with Jensen Huang, denouncing the AI threat narrative as a scam and stating that data centers are the oil of the future. Despite Nvidia's stock price dropping due to slowdown concerns, Jensen Huang still responded to security warnings.
AI Risks and Calls for "Slowdown" Intensify; U.S. Cybersecurity Stocks Surge Collectively
On Monday, cybersecurity stocks generally rose. As concerns grow among investors about the potential harm artificial intelligence could cause to humanity, and some industry leaders call for slowing down AI development, capital is shifting toward the cybersecurity and related enterprise software sectors.
Telix Pharma CFO Darren Charlton Smith acquires 2,071 common shares for AUD 19,999.58
Crypto prices
More
