Ethena Buyback: the ENA Token Rises by 8.2% and the Vote Rubs 100% Support

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A significant governance decision has been made within the Ethena ecosystem that could directly impact the ENA token. According to a statement from the Ethena Foundation, a "fee conversion" proposal, which envisages using protocol revenues for ENA buybacks, was approved with 100% support. Following this decision, it was announced that programmatic ENA buybacks will be launched. The Foundation stated that the buyback program will be gradually exp…

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According to ChainCatcher, the Ethena Foundation's official announcement states that the fee conversion vote has been passed with 100% approval. Programmatic ENA buybacks will begin and will gradually scale up as metrics and milestones are achieved. Previously, on August 27th, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including buying back locked tokens held by early investors, further aligning token and equity va…

Merca2.es

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The ENA token rises by 8.2% this Tuesday to $0.158 and chains a revalorization of 89% in two weeks.The engine is a vote that concludes today: activate the fee switch of Ethena, the mechanism by which a part of the revenue of the protocol will go to buy tokens in the market.What exactly is the buyback that Ethena votes The proposal part of Ethena Foundation and closes this September 2 with a support close to 100%.What is voted is a change in the …

DiarioBitcoin

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Ethena (ENA) is traded in USD $0.149 after a correction of 5.75% in the previous session, in a context of generalized market decline, with Bitcoin falling to USD $77,500. Despite the short-term setback, the token accumulates a gain of 61% in 14 days and 62% in 30 days, with a volume that greatly exceeds its 30-day average. The report analyzes whether the correction represents a healthy pause or the start of a deeper reversal.