🔥 ENA'S BUYBACK PLAN IS STILL WAITING — THE $7.5 BILLION USDE MILESTONE MATTERS!
Ethena's approved fee-sharing mechanism has an important condition before ENA buybacks can begin.
Here's the breakdown:
• First milestone: USDe supply must reach $7.5B.
• 5% allocation: Protocol revenue goes toward ENA buybacks at that level.
• Higher milestones: The allocation increases to 10%, 15%, and 20% as USDe supply reaches $10B, $15B, and $20B.
• Latest reported supply: Around $4.8B, still below the first threshold.
• New expansion: Ethena announced an ether.fi-branded stablecoin powered by its infrastructure in October.
THE KEY POINT: The buyback framework is approved, but the first supply milestone has not yet been reached. Approval does not mean buybacks are already active.
Can Ethena grow USDe enough to unlock this mechanism?
$ENA
.
.
.
#Ethena #defi
Not financial advice. DYOR.
Ethena's approved fee-sharing mechanism has an important condition before ENA buybacks can begin.
Here's the breakdown:
• First milestone: USDe supply must reach $7.5B.
• 5% allocation: Protocol revenue goes toward ENA buybacks at that level.
• Higher milestones: The allocation increases to 10%, 15%, and 20% as USDe supply reaches $10B, $15B, and $20B.
• Latest reported supply: Around $4.8B, still below the first threshold.
• New expansion: Ethena announced an ether.fi-branded stablecoin powered by its infrastructure in October.
THE KEY POINT: The buyback framework is approved, but the first supply milestone has not yet been reached. Approval does not mean buybacks are already active.
Can Ethena grow USDe enough to unlock this mechanism?
$ENA
.
.
.
#Ethena #defi
Not financial advice. DYOR.
