Jito proposes a phased deployment of the re-staking protocol, intending to transfer control of the protocol to the DAO

According to official news, Jito, a Solana ecological pledge project, has launched an important improvement proposal to deploy the Jito re-pledge protocol module in stages. According to the proposal, the Jito Foundation plans to transfer the deployed protocol instances to Jito DAO management in three stages: Migration stage: Allow users to migrate assets to the Vault Restake Token (VRT) vault. Staking stage: Enable the Node Consensus Network (NCN) to start and implement most of the core functions of the protocol. Confiscation stage: Give NCN the ability to activate the confiscation mechanism. The proposal also introduces a new charging mechanism. During the deposit stage, the protocol will charge a 10 basis point fee for vault withdrawals. After the staking stage is launched, rewards paid by NCN will be charged a 4% protocol fee. These fees will go directly into the Jito DAO treasury to provide financial support for its continued development. The Jito team said that this improvement will shift the focus of Jito DAO from focusing primarily on the governance of Liquidity Staking Tokens (LST) to the construction of a broader Jito network ecosystem.