Jito Plans to Establish a subDAO to Drive Protocol Growth

Odaily Planet Daily reports that the Solana ecosystem liquid staking protocol Jito is currently establishing a new subDAO aimed at driving protocol development and enhancing the value of its governance token, JTO. According to a proposal written by Jito’s Head of Governance, Nick Almond, this subDAO will refine and implement new strategies such as token buybacks, yield subsidies, and fee-switching vaults to support the price of the JTO token.