Jito activates JIP-38, routing 80% of JTX fees to JTO buybacks

Jito has proposed routing the Jito DAO’s 80% share of JTX platform fees to open-market JTO buybacks and permanent token burns under JIP-38, a governance plan filed by Nick Almond, Head of Governance at the Jito Foundation. The proposal would leave the remaining 20% of JTX fees with the platform for development costs and run for at least one year until a scheduled review in Q4 2027. Jito said the Rev Splitter, managed by the DAO’s Dev Council, would collect JTX fees, buy JTO on the open market and burn the purchased tokens on-chain, with dashboards planned to track fee collection, purchases and burns by epoch. Redirecting the funds before the commitment ends would require a separate vote. The proposal is tied to JTX, Jito’s self-custodial trading platform on Solana, which is opening to waitlisted users with spot markets and tokenized equities and is expected to add perpetual futures later this year. Jito said JTX would become the latest DAO-governed revenue stream alongside JitoSOL fees, Block Engine fees and revenue from its Block Assembly Marketplace. Jito has framed the approach as a token-centric network model in which JTO holders govern major protocol revenue. JTO rose as much as 8% after the proposal was posted and was trading around $0.54, giving it a market capitalization of about $258 million, though it remained well below its December 2023 peak of $5.33. DefiLlama data cited in the report showed Jito’s network generating roughly $300 million in annual fees, including about $114 million annualized from the liquid staking protocol, with total value locked between about $724 million and $806 million as of June 14, 2026. The platform also reiterated on July 8 that it would remain on Solana rather than move to another blockchain. If JIP-38 passes, JTO holders are set to revisit the longer-term allocation of fee streams at the Q4 2027 review.