The Jito Foundation is taking a bold step forward in the Solana ecosystem. It has chosen its first governance cohort, a diverse group from giants like Coinbase Cloud and the Solana Foundation.
Driving Innovation with Diverse Perspectives
Seventeen notable names, including Gauntlet, Chainflow, and Flipside, will share this voting power. This delegation of 12 million JTO tokens, worth $23.5 million, marks a pivotal moment and accounts for a substantial 10% of JTO’s circulating supply.
Lucas Bruder of the Jito Network highlights the initiative’s aim to rejuvenate Solana’s governance. The project hopes to set new standards for community involvement and decision-making.
The upcoming votes will focus on strategic developments like StakeNet. This future staking product promises to enhance validator monitoring, further solidifying Jito’s commitment to innovation and community-driven progress.
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