Ethena Foundation bought the blocked tokens from seed investors who had been selling; it will eliminate the monthly VC unlocks and proposes to allocate 95% of net revenues to buybacks of $ENA once $USDE grows.
This is an unusually direct tokenomics cleanup. They remove structural sellers and are betting that the protocol will generate real value for the token.
Do you think this kind of move ends up becoming the standard that other protocols will have to copy?
Source: The Block
#ethena
This is an unusually direct tokenomics cleanup. They remove structural sellers and are betting that the protocol will generate real value for the token.
Do you think this kind of move ends up becoming the standard that other protocols will have to copy?
Source: The Block
#ethena
