Jito proposes routing all JTX fee revenue into JTO buybacks and burns

Jito, the largest liquid-staking protocol on Solana, recently put forward a governance proposal that would commit its entire share of fees from JTX, its new trading platform, to buying JTO tokens on the open market and permanently destroying them.  The plan, filed as JIP-38, only works if JTX becomes popular and generates a lot of...