New JIP is LIVE on Realms šŸ“£ JIP-17 proposes a Cryptoeconomics subDAO with: • $7.5M JitoSOL + 5M $JTO treasury allocation • 6-member multisig (4/6 threshold) • 12-month mandate to build value accrual mechanisms • Quarterly reporting requirements 🧵/8
@realmsdaos 3/8 Treasury allocation • $7.5M in JitoSOL for building & buyback operations • 5M JTO for incentive engineering and market mechanisms Funds would be allocated for a 12-month period with the goal of activating the ~$30M annual REV currently sitting idle in the DAO treasury.
@realmsdaos 4/8 SubDAO would operate with 4/6 multisig structure: • Meet monthly in closed sessions until consensus is reached • No public information until txs execute • Includes representatives from Jito Foundation, University College Dublin, MIT, MetaDAO, Chainflow, & Kairos Research.
@realmsdaos 5/8 The subDAO will have a mandate to activate multiple pathways for DAO revenue to benefit JTO holders The goal will be to deliver "at least 2 divergent approaches to Jito token economy governance and value accrual".
@realmsdaos 6/8 SubDAO reporting structure: • Quarterly public reports to the Jito DAO • All major decisions posted to the Jito Forum • Maximum 20% of JitoSOL for building costs • Unspent funds returned after 12 months • Performance tracked against specific metrics
@realmsdaos 8/8 šŸ›”ļø
41.22K
123
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.