PANews reported on August 5th that, according to CoinDesk, Jito Labs submitted a governance proposal, JIP-24, which proposes transferring 6% of Jito Network's Block Engine fees and all future BAM revenue from the Solana ecosystem to the Jito DAO treasury, eliminating the existing "3% Labs/3% DAO" split. If approved, the DAO will fully control protocol revenue, which will be used by the Cryptoeconomics SubDAO to develop a value-return strategy. Officials estimate that this will generate approximately $15 million in annual revenue.