$ENA Ethena 27/08 — 4 items, read the official line correctly
Source: @EthenaFndtn + forum governance. Not fake news. Some parts have a headline stretched.
1 Bought all the ENA currently locked from several major seeds that previously sold within a 9-month period. Not all seeds. No number of tokens / price mentioned yet.
2 Signed the framework: IP + protocol value to the Foundation, token holders govern. Equity Labs no longer has residual cash flow.
3 A fee switch is being proposed; the Risk Committee is approving it, but holders haven’t finished voting yet. Buyback follows the USDe milestone (5% from $7.5B). USDe ~$4B → not activated yet. Not revenue used to buy ENA today.
4 Remove the VC unlock issue next month by releasing tokens that haven’t vested. The team is still locked on the old schedule. Where the token release goes—treasury, drip over time, or a one-time dump—has not been written down.
One sentence: cut part of the seed overhang + move IP to tokens; the fee switch is still waiting for a vote and for USDe to be larger.
Source: @EthenaFndtn + forum governance. Not fake news. Some parts have a headline stretched.
1 Bought all the ENA currently locked from several major seeds that previously sold within a 9-month period. Not all seeds. No number of tokens / price mentioned yet.
2 Signed the framework: IP + protocol value to the Foundation, token holders govern. Equity Labs no longer has residual cash flow.
3 A fee switch is being proposed; the Risk Committee is approving it, but holders haven’t finished voting yet. Buyback follows the USDe milestone (5% from $7.5B). USDe ~$4B → not activated yet. Not revenue used to buy ENA today.
4 Remove the VC unlock issue next month by releasing tokens that haven’t vested. The team is still locked on the old schedule. Where the token release goes—treasury, drip over time, or a one-time dump—has not been written down.
One sentence: cut part of the seed overhang + move IP to tokens; the fee switch is still waiting for a vote and for USDe to be larger.