Jito proposes allocating 100% of block engine fees to the DAO treasury

Jito Labs proposed a new governance proposal, JIP-24, on Tuesday, which aims to further decentralize the network by transferring all block engine and BAM fees directly to the Jito DAO treasury. If approved, the DAO would control protocol revenue and channel it to JTO token holders. This would reduce Jito Labs' influence on the network and increase the role of DAO subgroups in development, which Jito Labs hopes will increase the value of its token.