Jito Network: JIP-8 & Perpetual Infrastructure

Modeling JIP-8

First, let’s contextualize Jito’s and Solana’s dominance today. Solana is emerging as the top ecosystem in terms of both activity - measured by spot DEX volume - and profitability - measured by REV. As we mentioned above, 90% of SOL stake is using Jito-Solana, and Tips running through the Jito Block Engine are at all-time highs, eclipsing tips on Ethereum, the historically dominant chain, as REV on Solana, a measure of demand for blockspace, now leads all L1s and L2s. 

JIP-8 would increase the total take on MEV tips that block through the Jito Block Engine from 5% to 6%, but carve out 2.85% of that 6% for the DAO, with 3% for Labs, and the remaining 0.15% for NCNs on the Jito (Re)Staking platform.