Jito is promoting a new governance proposal to allocate the JTX trading platform to the full revenues of DAO for automatic buy-back and destruction of the token JTO. According to the bulletin, this proposal, called JIP-38, was put forward by Dr. Nick Almond, Chief of Governance of Jito Foundation, with the goal of making Jito a network with a currency at its core.

JTX revenue is intended for all repurchase and destruction

Under the current arrangements, 80 per cent of JTX's platform charges for the Jito Labs trading platform flow to Jito DAO, and 20 per cent is reserved for JTX for subsequent development. It is proposed that this portion of the revenue flowing to DAO be fully utilized for repurchase and destruction of JTO, rather than being left to the Treasury ' s own discretion.

If the proposal is approved, this commitment will enter into force on the JTX line and will continue until the fourth quarter of 2027 for the governance review. During this period, a separate governance proposal will have to be initiated if there is to be a change in funding.

The proposal states that the process will be carried out in the chain and that the token holder will have real-time access to the collection, repurchase and destruction of the fees.

Governance documents will be updated simultaneously

Jito indicated that the proposal was intended to respond to industry discussions on whether value should be attributed to the agreed token or to the construction company ' s equity. According to the proposal, the main proceeds of the agreement would continue to be attributed to DAO and the use would be determined by the token holder.

However, the 20 per cent of the JTX fees reserved for development remains a long-term exception to support ongoing product construction. The proposal also states that governance retains the power to decide on the use of revenues, with the option of either repurchase for destruction in the future or a shift to growth options such as subsidies, incentives, etc., but that a separate vote is still needed to adjust during the commitment period.

In implementing the division of labour, the Development Committee will be responsible for the income distribution module, the CSD will be responsible for repurchase commitments and data analysis, and the Foundation will be responsible for JTX process route and governance updates. The proposal states that the repurchases were financed from JTX revenue and did not draw on existing treasury funds.

Jito synchronized the BAM expansion

At the time of the release of the proposal, Jito was also continuing to advance its Black Assembly Marketplace, short BAM. The system was launched in September 2025 to enhance the efficiency of Solana's block and transaction execution.

Jito disclosed that, at present, Solana had 715 certifiers, of which 369 were active BAM clients, representing 51.6 per cent. The equivalent amount of SOL pledge from these certifiers is 31.9 per cent, or approximately $10.65 billion.

Since 2026, the percentage of network pledges covered by BAM has increased from about 12 per cent to 32 per cent, the number of certifiers has increased from 223 to 369, and the total number of relevant certifiers has exceeded 80 million SOLs. On 13 July, Jito also opened a new BAM node in Hong Kong to expand data centre coverage.

Additional information:In addition to BAM, Jito states that the main sources of revenue, such as JitoSOL and Block Engineering, would have belonged to DAO. If JIP-38 is passed, JTX will be the latest source of revenue to access the JTO automatic buy-back mechanism.