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Following
JTO Jito proposed governance reforms to use the entire share of DAO's JTX revenue for open market buybacks and permanent destruction of JTOs, at least until the fourth quarter of 2027.
Summary
Jito proposed to use DAO revenue for JTO buybacks and permanent destruction until the fourth quarter of 2027.
JIP-38 places most of the agreement revenue under DAO control, with JTO holders managing the distribution.
JTO rose 8% after the governance proposal was announced.
According to Jito's governance proposal released on July 13, the agreement introduced JIP-38, formally defining Jito as a token-centric network, with almost all major network revenue flowing to decentralized autonomous organizations and still controlled by JTO token holders.
JIP-38 is now online.
Value should exist in the network. The proposal formally establishes Jito as a token-centric network, promising to use the entire share of Jito DAO's revenue from @JTX_trade for programmatic repurchase and destruction of $JTO for at least one year from JTX's launch. -- Jito (@jito_sol) July 13, 2026
The proposal triggered an immediate market reaction, with Jito (JTO) rising 8% shortly after its release.
Revenue will be reallocated to JTO holders
Under JIP-38, Jito proposes to use the DAO's entire share of JTX revenue to purchase JTO tokens on the open market and then permanently remove them from circulation. According to the proposal, this arrangement will last for at least one year until the fourth quarter of 2027.
There is still one exception to this framework. The proposal states that 20% of JTX platform fees will continue to be reinvested in JTX development rather than for repurchase and destruction. Jito said the remaining major income streams will continue to flow through the DAO and be governed and controlled by JTO holders.
To implement the plan, the proposal calls for automatic buybacks through the Rev Splitter mechanism overseen by the Project Development Committee. During the automation process, Jito also plans to update its governance documents so that the protocol operating model formally recognizes a token-centric structure.
Under JIP-38, existing revenue allocation commitments will be completed before a comprehensive review of the agreed fee stream is conducted in the fourth quarter of 2027.
During the review period, governance participants will assess the performance of token buybacks, ecosystem incentives and other capital allocation methods, and JTO holders will then vote on the network's next long-term revenue framework.
Governance changes are not limited to token destruction
In addition to the repurchase program, JIP-38 also outlines a number of operational changes to support the new revenue structure. Under the proposal, Rev Splitter will be gradually automated, while governance records will be updated to match the revised economic model.
Jito also said in his proposal that the framework is designed to attribute the value generated by the entire network to JTO tokens rather than external corporate entities. After the fourth quarter of 2027, any changes to revenue distribution will need to be approved through a governance vote by JTO holders.
The proposal comes as Jito continues to expand its influence in the Solana ecosystem. Earlier this year, 21Shares launched the 21Shares Jito Staked SOL ETP (JSOL) in Euronext Amsterdam and Euronext Paris.
The issuer stated that the product provides regulated Solana exchange trading exposure through JitoSOL while embedding pledge incentives, allowing investors to access the asset through traditional brokers and banks without having to manage wallets or pledge infrastructure.
Institutional support for the agreement has also grown over the past year. Andreessen Horowitz (a16z)'s cryptocurrency arm has invested $50 million in Jito to help expand the Solana pledge agreement ecosystem.
The investment includes the allocation of JTO tokens to the venture capital firm, adding another high-profile backer as the agreement seeks approval of its latest governance proposals.
