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Jito, the largest liquid-staking protocol on Solana, recently put forward a governance proposal that would commit its entire share of fees from JTX, its new trading platform, to buying JTO tokens on the open market and permanently destroying them.&nbsp;
The plan, filed as <a href="https://forum.jito.network/t/jip-38-confirm-jito-as-a-token-centric-network/973" rel="noopener noreferrer nofollow">JIP-38</a>, only works if JTX becomes popular and generates a lot of trading fees. While the buyback program would create demand for JTO tokens, the burn mechanism would also reduce the total number of JTO tokens in existence.&nbsp;
<h3 id="span-what-s-the-new-proposal-for-jto-tokens-span">What’s the new proposal for JTO tokens?&nbsp;</h3>
Nick Almond, Head of Governance at the Jito Foundation, wrote a proposal that could change how JTO tokens work and posted it to the project’s official governance forum.&nbsp;
Currently, 80% of platform fees go to the Jito DAO, and 20% stays with the platform to pay for development costs. The proposal, JIP-38, would change this system and use the full 80% to buy back JTO tokens on the open market and permanently destroy them.&nbsp;
This buyback and burn program will run for at least a year, until a scheduled review in the fourth quarter of 2027.&nbsp;
The Rev Splitter, which is managed by the DAO’s Dev Council, will be used to collect JTX fees, purchase JTO on the open market, and burn every token it acquires.&nbsp;
The process will run on-chain, so holders can track fee collection, purchases, and burns in real time. The DAO also plans to create dashboards that show these numbers for every epoch.&nbsp;
The process is designed to be automatic, so redirecting the money before the commitment ends would require a separate vote.&nbsp;
Jito describes the idea as a “token-centric network.” Under this model, the DAO governs all major protocol revenue, and JTO holders control how that money is spent.&nbsp;
Almond’s proposal provides an answer to an ongoing argument in crypto over whether value should be held in a project’s token or in the equity of the companies built around it.&nbsp;
JitoSOL fees, Block Engine fees, and revenue from Jito’s Block Assembly Marketplace already flow to the DAO, so JTX would become the newest stream pointed at buybacks.&nbsp;
<h3 id="span-how-has-the-market-reacted-to-jto-s-new-strategy-span">How has the market reacted to JTO’s new strategy?&nbsp;</h3>
JTO <a href="https://coinmarketcap.com/currencies/jito/" rel="noopener noreferrer nofollow">rose as much as 8%</a> shortly after the proposal went live. The token is currently trading around $0.54, but it’s still well below its December 2023 peak of $5.33. The token’s market capitalization was about $258 million.
<a href="https://defillama.com/protocol/jito" rel="noopener noreferrer nofollow">Data from DefiLlama shows</a> that Jito’s entire network earns about $300 million in fees each year. The liquid staking protocol alone generates about $114 million in annualized fees. The protocol’s total value locked is about $724 million to $806 million as of June 14, 2026.&nbsp;
Cryptopolitan <a href="https://www.cryptopolitan.com/a16z-invests-into-solana-protocol-jito/" rel="noopener noreferrer nofollow">previously reported</a> that Jito received a $50 million strategic investment from a16z crypto in October 2025 through a private token sale.&nbsp;
JTX, <a href="https://x.com/jtx_trade/status/2074898217008005340" rel="noopener noreferrer nofollow">Jito’s self-custodial trading platform</a>, is currently opening to waitlisted users and offers spot markets and tokenized equities. The team has said that perpetual futures will be added later this year.
The platform confirmed its <a href="https://x.com/jito_sol/status/2051696304456184293" rel="noopener noreferrer nofollow">commitment to Solana</a> on July 8, telling followers on X that it would not leave to build on another blockchain.
If JIP-38 passes, token holders will still get to decide the long-term direction of the company at the Q4 2027 review, when the DAO reviews buyback performance across every fee stream.&nbsp;
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Jito proposes routing all JTX fee revenue into JTO buybacks and burns

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