Jito plans to create a new sub DAO to drive protocol development and enhance JTO token value

According to DL News, the Solana Ecological Liquidity Pledge Protocol Jito is currently working on creating a new subDAO aimed at driving protocol development and enhancing the value of its governance token JTO. This sub DAO called 'Cryptoeconomics' will be managed by a group of experts in decentralized finance. According to the proposal written by Nick Almond, the head of governance at Jito, they will refine and implement new strategies such as token buybacks, revenue subsidies, and fee switching vaults to support the price of JTO tokens.