Ethena ($ENA ) has just made a very big move.
• It reacquired blocked ENA from certain early investors who sold ENA over the past 9 months.
• The protocol’s value/IP will belong exclusively to the Foundation and will be governed by holders of ENA, with no residual cash flow going to capital (equity) investors of Ethena Labs.
• A proposal is live to change the fee structure to use net business revenue from Ethena for programmed ENA buybacks.
• The overhead of a future monthly VC unlock is being removed, while the team’s tokens remain locked according to their original vesting schedules.
$BTR
$TUT
• It reacquired blocked ENA from certain early investors who sold ENA over the past 9 months.
• The protocol’s value/IP will belong exclusively to the Foundation and will be governed by holders of ENA, with no residual cash flow going to capital (equity) investors of Ethena Labs.
• A proposal is live to change the fee structure to use net business revenue from Ethena for programmed ENA buybacks.
• The overhead of a future monthly VC unlock is being removed, while the team’s tokens remain locked according to their original vesting schedules.
$BTR
$TUT