Incentives tied to USDe growth have fallen about 85% since the protocol’s first airdrop in 2024.
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ChainCatcher reports that Ethena posted that since the initial airdrop in early 2024, token incentives related to the growth of the stablecoin USDe have decreased by approximately 85% compared to 2024. Starting this month, token incentives and new inflation related to USDe will be completely eliminated, and there will be no further expansion driven by additional token subsidies.