Jito, a liquidity pledge protocol within the Solana ecosystem, is forming a sub-DAO to advance its protocol development and boost the value of its governance token, JTO. The initiative, outlined by Jito governance head Nick Almond, includes strategies like token repurchases, revenue subsidies, and fee switching vaults aimed at supporting JTO token prices.
Jito to Establish Sub-DAO for Protocol Development and JTO Token Enhancement
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