Jito Unveils JIP-38: A Token-Centric Revenue Overhaul
On July 13, 2026, the Solana-based liquid staking protocol Jito published a governance proposal known as JIP-38, which would transform the network into a token-centric model. Under the proposal, 100% of the Jito DAO’s revenue share from JTX will be directed toward open-market buybacks and permanent token burns of JTO. This arrangement is set to remain in effect for at least one year, extending through the fourth quarter of 2027.
Key Details of JIP-38
The proposal formally classifies Jito as a token-centric network, committing all major revenue streams to DAO control under the governance of JTO token holders. One exception is that 20% of JTX platform fees will continue to be reinvested into JTX development rather than allocated to buybacks and burns. The buybacks will be executed automatically through a Rev Splitter mechanism overseen by the project’s Dev Council. Jito also plans to update its governance documentation to formally recognize the token-centric operating model.
Market Reaction and Revenue Allocation
Following the announcement, JTO’s price climbed as much as 8%, according to data from crypto.news. The proposal includes a comprehensive review of protocol fee streams in Q4 2027, during which governance participants will evaluate the performance of token buybacks, ecosystem incentives, and other capital allocation methods. JTO holders will then vote on the network’s next long-term revenue framework.
Token Buybacks and Burning Mechanism
The buyback program calls for the DAO’s entire share of JTX revenue to purchase JTO tokens on the open market before permanently removing them from circulation. Existing revenue allocation commitments will be completed before the Q4 2027 review. Any future changes to revenue allocation after that period will require approval through governance voting by JTO holders. The Rev Splitter will become progressively more automated over time.
Broader Ecosystem and Institutional Support
Jito continues to expand its footprint across the Solana ecosystem. Earlier this year, 21Shares launched the 21Shares Jito Staked SOL ETP (JSOL) on Euronext Amsterdam and Euronext Paris, providing regulated exchange-traded exposure to Solana through JitoSOL while embedding staking rewards. Additionally, Andreessen Horowitz’s (a16z) crypto division invested $50 million in Jito to help expand the Solana staking protocol’s ecosystem. The investment included an allocation of JTO tokens to the venture firm.
