$ENA Ethena Foundation Ends Investor Token Unlocks, 95% of Profits to Fund ENA Buybacks
The Ethena Foundation has announced significant adjustments aimed at easing sell pressure resulting from early investor token unlocks.
🔸 Key Highlights:
Repurchasing a portion of locked ENA from major investors via OTC deals and reaching agreements to terminate remaining allocation schedules early.
As of October 5, there will be no more locked investor tokens. Team tokens remain subject to existing lock-up terms.
🔸 New Buyback Mechanism:
Once USDe reaches specific liquidity milestones, 95% of net profits from three segments USDe Savings, white-label stablecoins, and Ethena will be used to repurchase ENA.
The remaining 5% is allocated for operational growth.
👉 This is an incredibly smart move that benefits Ethena holders. Ending investor token unlock schedules early eliminates one of the biggest risks to the ENA price. Meanwhile, the 95% profit buyback mechanism creates continuous demand for the token, especially as USDe continues to grow. This could serve as a tokenomics model for other DeFi projects to emulate.
💬 How do you think this new buyback mechanism will impact the price of ENA? Is this a tokenomics model worth adopting?
News is for reference, not investment advice. Please read carefully before making a decision.
The Ethena Foundation has announced significant adjustments aimed at easing sell pressure resulting from early investor token unlocks.
🔸 Key Highlights:
Repurchasing a portion of locked ENA from major investors via OTC deals and reaching agreements to terminate remaining allocation schedules early.
As of October 5, there will be no more locked investor tokens. Team tokens remain subject to existing lock-up terms.
🔸 New Buyback Mechanism:
Once USDe reaches specific liquidity milestones, 95% of net profits from three segments USDe Savings, white-label stablecoins, and Ethena will be used to repurchase ENA.
The remaining 5% is allocated for operational growth.
👉 This is an incredibly smart move that benefits Ethena holders. Ending investor token unlock schedules early eliminates one of the biggest risks to the ENA price. Meanwhile, the 95% profit buyback mechanism creates continuous demand for the token, especially as USDe continues to grow. This could serve as a tokenomics model for other DeFi projects to emulate.
💬 How do you think this new buyback mechanism will impact the price of ENA? Is this a tokenomics model worth adopting?
News is for reference, not investment advice. Please read carefully before making a decision.
