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TechFlow news, August 5 — According to CoinDesk, Jito Labs submitted governance proposal JIP-24 on August 5, suggesting that all revenue generated by Block Engine and BAM be directed straight into the Jito DAO treasury. Currently, Block Engine revenues are split with 3% allocated each to Jito Labs and the DAO. If approved, the full 6% fee and all future BAM-related income will be permanently sent to the DAO treasury.
According to CoinDesk, on August 5, Jito Labs proposed governance proposal JIP-24, suggesting that all revenue generated from Block Engine and BAM be directly transferred to the Jito DAO treasury. Currently, Block Engine revenue is distributed at a 3% rate each to Jito Labs and the DAO. If the proposal passes, the full 6% fee and future BAM-related revenue will permanently go to the DAO treasury.
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