I heard that Jito Labs recently started a new initiative called the JIP-24 proposal, and it's quite interesting.

In simple terms, they want to directly transfer the fees earned from the Block Engine and BAM to the Jito DAO wallet. If this proposal passes, these funds will belong to the DAO, and those holding JTO tokens will be able to share in the profits. This way, Jito Labs' control over the network will diminish, essentially decentralizing power.

Currently, there is a revenue-sharing mechanism, and this proposal aims to abolish it. In the future, all fees and BAM-related income will go directly into the DAO's treasury. Jito Labs claims that this move is to fulfill their promise to token holders, allowing the DAO to have a say in technical management and financial matters.

To put it simply:

1. Previously, the money was collected by Jito Labs, but now it will be managed by the community.

2. Those holding JTO will directly receive profits in the future.

3. Jito Labs is handing over power to everyone.

They believe this is a fairer approach, allowing the DAO to truly take charge. However, how the profits will be distributed and how operations will function in the future will likely depend on subsequent details. If this proposal goes through, it will definitely be a good thing for JTO holders, as it means an additional source of passive income.

In my opinion, such a move to directly give income to the community is quite commendable, at least better than those projects that hoard funds. However, the actual effectiveness will depend on how well the DAO manages the finances. Do you think this proposal is reliable?