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 property and value accrual fully to ENA token holders, centralizing governance and eliminating competing claims from Ethena Labs equity investors. The Foundation also ended monthly venture capital token unlocks by releasing unvested tokens early, removing future token overhang. Additionally, a governance proposal to activate a fee switch directing net revenue towards programmatic ENA token buybacks is now open for voting, aiming to support token value through ongoing buybacks funded by all Ethena business lines' revenue.
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 d...
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 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...
