World · Institutional · Global ·
Ethena Foundation votes to use protocol revenue for token buybacks
The Ethena Foundation approved a proposal to implement a fee switch that will redirect 95% of net protocol revenue into ENA token buybacks, aiming to reduce selling pressure from major early investors whose unlock schedules are being overhauled.
Why it matters for the crypto market
The move reflects institutional stablecoin protocols adopting capital allocation mechanisms common in traditional finance to support token economics and investor alignment.
Source: CoinDesk
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