2 sourcesTracking since 27 Aug, 14:57
Ethena Proposes Sending All Net Revenue to ENA Buybacks
Chronological coverage
First seen27 Aug, 14:57Ethena Proposes Sending All Net Revenue to ENA Buybacks
A new framework assigns protocol IP and value accrual to the Ethena Foundation, while a live vote would use effectively 100% of net revenue for ENA purchases.
The Defiant•The Defiant Team
Latest27 Aug, 18:53Ethena proposes 95% revenue allocation to ENA buybacks
Ethena has proposed directing 95% of net revenue from its branded businesses toward ENA buybacks once USDe supply reaches $7.5 billion, as the protocol also moves to end monthly investor unlocks and separate ecosystem economics from Ethena Labs equity. According…
Crypto.news•Lawrence Mondal