JIP-24: Redirecting Jito Protocol Revenue to the DAO
Summary
JIP-24 proposes sending all revenue from Jito’s Block Engine and Block Assembly Marketplace to the DAO treasury, replacing a previous arrangement that split revenue between Jito Labs and the DAO. The document says revenue-routing transactions would direct fees to the DAO address, with updated addresses made public for community verification. Tokenholders would then govern treasury allocation, tying DAO resources more directly to protocol activity.
The proposal also describes BAM as a system for customizable block construction and privacy-oriented transaction sequencing. It frames those features as ways to limit harmful maximum extractable value and support Solana applications such as order books. Potential advantages include greater community control and transparency; risks include slow or contentious decisions, concentrated voting power, legal uncertainty, and smart-contract vulnerabilities. The text explains the proposal’s rationale but gives no implementation results, revenue forecasts, or independent evidence that BAM reduces harmful MEV in practice.
Key ideas
- JIP-24 proposes routing all Block Engine and BAM revenue to the Jito DAO treasury.
- Public revenue-routing addresses would let community members monitor where fees are sent.
- The proposal gives JTO tokenholders control over treasury allocation and protocol funding.
- DAO governance can broaden participation while creating risks from voter concentration and slow consensus.
- BAM offers customizable block construction and privacy-oriented transaction sequencing, but the document provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.