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New JIP is LIVE on Realms 📣
JIP-17 proposes a Cryptoeconomics subDAO with:
• $7.5M JitoSOL + 5M $JTO treasury allocation
• 6-member multisig (4/6 threshold)
• 12-month mandate to build value accrual mechanisms
• Quarterly reporting requirements
🧵/8

@realmsdaos 3/8 Treasury allocation
• $7.5M in JitoSOL for building & buyback operations
• 5M JTO for incentive engineering and market mechanisms
Funds would be allocated for a 12-month period with the goal of activating the ~$30M annual REV currently sitting idle in the DAO treasury.
@realmsdaos 4/8 SubDAO would operate with 4/6 multisig structure:
• Meet monthly in closed sessions until consensus is reached
• No public information until txs execute
• Includes representatives from Jito Foundation, University College Dublin, MIT, MetaDAO, Chainflow, & Kairos Research.
@realmsdaos 5/8 The subDAO will have a mandate to activate multiple pathways for DAO revenue to benefit JTO holders
The goal will be to deliver "at least 2 divergent approaches to Jito token economy governance and value accrual".
@realmsdaos 6/8 SubDAO reporting structure:
• Quarterly public reports to the Jito DAO
• All major decisions posted to the Jito Forum
• Maximum 20% of JitoSOL for building costs
• Unspent funds returned after 12 months
• Performance tracked against specific metrics
@realmsdaos 8/8 🛡️

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