Jito DAO: Roundtable Two
Below is an overview of the second Jito Roundtable held at 12:30pm ET Thursday 8th May 2025. Catch the full stream on the Jito X feed HERE. Again this was another fantastic chat I recommend you catching up on. We had over two thousand viewers and I think this is proving to be an excellent format for this kind of consensus building. This time round we had @Othman @shayonsenguptamcc @andrewt @cryptopeterb @gauntlet and myself. The full transcript can be found HERE
1. Second Roundtable
-
Approx $30 M/year – Currently Jito DAO is generating ≈ $30 million in annualised fees. Our roundtables continue to draw on wide expert opinion to discuss ways in which this REV can be activated for the token economy.
-
Expert consensus – this follow-up gathered new stakeholders (Multicoin, Coinbase-delegate, Gauntlet, Chainflow) as we continue to press toward a concrete JIP.
-
Core themes – weigh how fast to start value-accrual, how much to reinvest, and who/what should make the call (humans, or code).
2. Proposals & arguments at a glance
| Theme / “bucket” | Proponent(s) | Core Mechanics | Claimed Upside | Main Concerns / Counter-points |
|---|---|---|---|---|
| 1. Network-growth first (stake flywheel) | Shayon (Multicoin) | Route a slice of fees to augmented-yield programs (e.g. tiered lock-ups) that pull more SOL stake into Jito products. Stake is king. | Larger stake = fatter moat; fees directly buy market-share. | JitoSOL focussed strategies potentially considered longer term bet than JTO strategies. |
| 2. Simple, continuous buy-back & burn (“get off 0”) | Peter (DAO delegate) | Every week TWAP 1.5 % of Tip Router fees into JTO; send tokens to burn. Uses existing Solana tools. | Zero execution overhead; creates permanent bid from day-one; DAO does what only DAO can. | “Buys the top” if price rich; ignores liquidity projects; static % may age badly. |
| 3. Dynamic buy-backs with valuation bands | Shayon | Turn buy-back on only when JTO trades below pre-set corridor vs. SOL m-cap or revenue multiple; else pause/hold. | Mimics public-equity capital allocation; avoids overpaying. | Requires oracle + human council; more code to ship; still time-based risk. |
| 4. Liquidity-as-a-moat (protocol-owned liquidity) | Traver (Gauntlet), Othman (Chainflow) | Use part of fees (or Treasury JTO) to seed deep pools for JitoSOL, restaked-JTO, etc. Target utilisation ratios (e.g. ≥ 40 % of DeFi TVL). | Stickier LST market-share; better UX for leverage/ETF products; fees from LP position. | Adds impermanent-loss &; current JITO-SOL liquidity already “good”. |
| 5. Dashboards & Multi-mechanism approach | Othman | Fund real-time treasury & flow analytics before committing large % splits. Find data informed priorities and activate mechanisms. | Decisions become data-driven; easier to iterate. Dynamic switching between mechanisms based on market information. | Data driven approaches are less quick. |
3. Areas of emerging consensus
-
Buckets help – A frame of cash-flow in three tiers:
Sustainability → Growth → Distribution. -
Action beats perfection – “get off zero” quickly, but design mechanisms that can be re-tuned every few months.
-
Some automation is realistic – basic oracles + hard bands can run buy-backs; humans are still needed for periodic re-weighting, capital strategies age with market context changes.
-
Measure or it didn’t happen – dedicate budget to public dashboards so every experiment can be scored (APR uplift, liquidity depth, burn-rate, etc.). Create a context of competing mechanisms.
-
Growth again seen has vital - cementing JitoSOL market share and liquidity should be priority, but not necessarily mutually exclusive to token value accrual.
4. Key open questions before drafting a JIP
-
Buy-back flavour – potentially to start with Peter’s weekly TWAP and layer in valuation bands later, or jump straight to dynamic corridor?
-
% split across buckets – how much of the 3 % Tip Router REV goes to growth vs. burn vs. POL?
-
POL target & assets – is JITO-SOL liquidity actually shallow, or is restaked-JTO the real gap? Treasury JTO vs. fresh fees?
-
Treasury composition – stay 100% SOL, or diversify a fixed runway slice into stables?
-
Governance structure – the path to full on-chain automation can be a target, but will require human in the loop governance for a while. A structure will need to exist to get the mechanisms built and operational.
5. Immediate next steps
-
A public REV / treasury dashboard (Andrew + Chainflow suggested).
-
Draft a JIP allowing for:
-
multiple mechanisms to be built
-
allow for dynamic market context based strategies
-
data informed approaches
-
Land on high level approaches to build a proposal mandate flexible rather than prescriptive.
-
Schedule round-table #3 Ideally this week, move from consensus formation to proposal.
6. Take-away in one line
The panel agrees Jito DAO can’t sit on a $30 M/year without moving; moving quickly and iteratively is a desired approach, move towards automation but recognise expertise, and layer smarter allocation rules as data becomes available.