Jito Proposes Massive JTO Buyback and Burn Using 80% of JTX Fees

Jito proposes JIP-38 to use its 80% share of JTX fees for automated JTO buybacks and burns for at least one year. Jito has launched JIP-38, a proposal to route JTX fee revenue into JTO buybacks and burns. The plan would apply for at least one year after JTX goes live. SolanaFloor reported that the…