Jito Plans to Establish a subDAO to Drive Protocol Growth
Odaily Planet Daily reports that the Solana ecosystem liquid staking protocol Jito is currently establishing a new subDAO aimed at driving protocol development and enhancing the value of its governance token, JTO. According to a proposal written by Jito’s Head of Governance, Nick Almond, this subDAO will refine and implement new strategies such as token buybacks, yield subsidies, and fee-switching vaults to support the price of the JTO token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nasdaq-listed Lion Group spends $8 million to purchase 88.49 bitcoins
Bhutan announces the launch of the world's first sovereign-backed gold token TER on Solana
dYdX launches spot trading on Solana and opens access to US users
JPMorgan issues Galaxy short-term bonds on the Solana network
Trending news
MoreCrypto prices
More
