Jito proposes permanent JTO token burns
Share
- Jito proposed using protocol revenue to permanently burn JTO governance tokens.
- The plan would replace the current fee distribution model with token buybacks and burns.
- The proposal requires community approval before any changes take effect.
Jito (CRYPTO:JTO) proposed using part of its protocol revenue to buy back and permanently burn JTO tokens.
The proposal would replace the current revenue model, which distributes most protocol fees to stakeholders.
Jito said the new approach aims to reduce the supply of JTO over time through regular token burns.
The proposal also includes changes to how protocol revenue is managed, but the community must approve the plan before it is adopted.
Supporters said the changes could better align the protocol's revenue with long-term token holders.
Jito is one of the largest liquid staking protocols on the Solana (CRYPTO:SOL) blockchain and generates revenue from staking-related services.
The proposal remains under community review, and Jito has not announced when token burns would begin if the plan is approved.
At the time of reporting, Jito price was $0.6487.
