Jito Tokenomics Overhaul Proposal Unveiled

Jito Network Proposes Overhaul of Tokenomics

• Solana transaction volume has surged over the past three years.
• Jito Network processes over half of Solana’s transaction fees.
• The protocol receives 4% of JitoSOL staking rewards and 3% of tips via TipRouter.
• A “buyback and barter” mechanism is proposed to deploy protocol fees strategically.
• A “real yield gauges” system inspired by Curve is suggested for revenue allocation.

Jito Network, processing a significant portion of Solana’s transaction fees, proposes using its revenues through mechanisms like “buyback and barter” and “real yield gauges,” aiming to enhance ecosystem value.