Jito Plans to Create subDAO to Promote Protocol Development

Solana ecosystem liquid staking protocol Jito is currently creating a new subDAO aimed at promoting protocol development and enhancing the value of its governance token JTO. According to a proposal written by Jito's Head of Governance, Nick Almond, the 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. (DL News) [Odaily Planet Daily News]