SOLANA MEV DEVELOPER JITO LAUNCHING GOVERNANCE TOKEN

Summary from the TLDR Crypto newsletter

Jito, the team behind the most popular liquid staking protocol on Solana, is set to launch a governance token to manage the Jito Network. The introduction of the token is aimed at increasing community involvement in decisions for the network. The staking protocol’s Jito Labs client is currently used by 40% of Solana's network stake weight. Proposing a total supply of 1 billion JTO tokens, 10% of the tokens will go to active community members.