📢ENA jumps 10% after the revenue buyback proposal🚀
The revenue buyback proposal marks a milestone in Ethena’s trajectory, transforming ENA from a purely governance token into an asset backed by the protocol’s cash flows. The combination of active open-market purchases with the drastic removal of the unlock schedule for seed investors eases the overhang from supply and sets the groundwork for a firmer appreciation as USDe usage continues to expand.
#ENA #crypto #Token #cryptouniverseofficial #MinutosFOMC~ $ENA
The revenue buyback proposal marks a milestone in Ethena’s trajectory, transforming ENA from a purely governance token into an asset backed by the protocol’s cash flows. The combination of active open-market purchases with the drastic removal of the unlock schedule for seed investors eases the overhang from supply and sets the groundwork for a firmer appreciation as USDe usage continues to expand.
#ENA #crypto #Token #cryptouniverseofficial #MinutosFOMC~ $ENA
