The Ethena Foundation has bought out early investors who sold their ENA tokens, except one wallet that chose to hold. They have proposed a fee switch to fund ENA buybacks, which will be voted on by tokenholders by September 2. The buyback mechanism depends on the circulating supply of USDe stablecoin reaching certain milestones, with the first buyback trigger requiring nearly double the current USDe supply. This move aims to address concerns about the project and has already boosted ENA's price by 16%. The buyback would reduce rewards across the protocol, affecting staking and partner incentives. The Foundation expects to publish a Master Framework Agreement in October to clarify protocol ownership and economic rights.
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Ethena proposes allocating 95% of net revenue from its branded businesses to buy back ENA tokens once the USDe stablecoin supply reaches $7.5 billion. The Ethena Foundation has also bought locked ENA tokens from seed investors and plans to accelerate...
Ethena Foundation has implemented four key changes to ENA's tokenomics, including buying out locked tokens from early seed investors who sold within nine months to reduce future sell pressure. A new Master Framework Agreement transfers intellectual p...
Ethena Foundation bought locked ENA tokens from early investors who sold after October 2025, ending the monthly token unlock schedule by October 5, 2026. This move helped push ENA's price up nearly 100% in a month. A governance vote is underway to st...
The Ethena Foundation, behind the USDe synthetic dollar protocol, completed a major governance overhaul by buying out early investors, formalizing token and equity rights, approving a revenue-driven buyback program, and eliminating future venture cap...
