Ethena Fee Switch: When the ENA Buyback Actually Starts
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4 Articles
ENA Explodes 23% as Ethena Buys Out Early Investors and Ends Monthly Unlocks
ENA surged 23% after Ethena removed monthly investor unlocks and reduced potential selling pressure. A proposed fee switch could direct 95% of net revenue toward ENA token buybacks. USDe surpassed $320 million on Robinhood Chain, strengthening Ethena's broader adoption story. Ethena — ENA, surged 23% after a major tokenomics announcement. The move arrived during a broader crypto market rally. Bitcoin also pushed above the $80,000 level during Th…
Ethena Fee Switch: When the ENA Buyback Actually Starts
The Ethena fee switch is close to approval, and the Ethena Foundation will still not buy back a single ENA for now. The reason has been missing from the coverage of the past few days: the buybacks only begin once the circulating supply of the synthetic dollar USDe reaches $7.5 billion . On August...
The vote on the Ethena Fee Switch runs until September 2, 2026 — and even a yes does not trigger a single ENA buyback. The reason is a threshold of $7.5 billion, from which the protocol is today about 3.4 billion.
Ethena moves to end ENA unlock pressure and share revenue
Ethena moves to end ENA unlock pressure and tie protocol revenue to the token. Here is what it changes, and why BTC near $78K barely reacted. The post Ethena moves to end ENA unlock pressure and share revenue appeared first on MyCryptoParadise.
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