Solana-based liquid staking protocol Jito has unveiled a comprehensive governance proposal that has immediately boosted JTO token prices by 8%, according to crypto.news. The proposal, published on July 13, introduces JIP-38, which formally classifies Jito as a token-centric network where nearly all major network revenue flows to the decentralized autonomous organization and remains under JTO token holder control. The proposal calls for 100% of DAO revenue to be redirected toward open-market JTO buybacks and permanent token burns through at least Q4 2027.
Under the new framework, Jito proposes using the DAO's entire share of JTX revenue to purchase JTO tokens on the open market before permanently removing them from circulation. The proposal extends through Q4 2027 with one exception - 20% of JTX platform fees would continue to be reinvested into JTX development rather than allocated to buybacks and burns. To execute the program, the proposal calls for automatic buybacks through a Rev Splitter mechanism overseen by the project's Dev Council, with existing revenue allocation commitments to be completed before a comprehensive review in Q4 2027.
The governance overhaul complements Jito's recent launch of the JTX Trade app, which officially went live today. The platform functions as a unified trading solution similar to Hyperliquid, featuring perpetual and prediction market offerings. This development has generated significant bullish expectations for the JTO token, with 80% of platform fees previously directed toward JTO token buybacks, as reported by AMBCrypto. The JTX Trade launch and enhanced buyback mechanism through JIP-38 create a comprehensive framework for token appreciation and network growth.
On the weekly timeframe, JTO shows a firm bearish swing structure, but over the past three months, buying pressure has been noticeable. According to AMBCrypto analysis, the On Balance Volume (OBV) was able to challenge the 2025 high, while the weekly RSI recovered and stayed above neutral 50 for the first time since November 2024. The $0.80 level has become a local supply zone, with the psychological $1 level remaining untested. However, a concerning factor is the OBV's sideways trend over the past three weeks, which bulls will be hoping to reverse with steady, high-volume buying in the coming days.
Based on Fibonacci retracement levels, a rally to $1.62-$2.0 appears possible, as reported by AMBCrypto. The 4-hour chart shows bullish price action with an impulse rally from $0.40 to $0.88, currently in a retracement phase. The RSI fell to oversold extremes in recent trading sessions, with high volume price drops to $0.60 beginning to reverse at press time. The JTX Trade launch, enhanced buyback mechanism through JIP-38, and permanent token burns could serve as sustained catalysts for upward movement, provided the OBV trend reverses and high-volume buying pressure continues. The framework is designed so value generated across the network accrues to the JTO token instead of external corporate entities, with future revenue allocation changes requiring JTO holder approval.
The governance proposal arrives as Jito continues expanding its presence 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. Institutional support has grown significantly, with Andreessen Horowitz's (a16z) crypto division investing $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, adding another high-profile backer as the protocol seeks approval for its latest governance proposal.
