$ENA is getting interesting for a reason beyond price.
Ethena is proposing a fee switch that could direct 95% of net revenue toward ENA buybacks once USDe supply milestones are reached.
That changes the conversation from:
“Will ENA get more attention?”
to:
“Can protocol growth translate into actual token demand?”
Add the planned end of monthly VC unlocks, and the supply-side story becomes worth watching.
Not a guaranteed winner.
But definitely a token I’d research deeper.
Ethena is proposing a fee switch that could direct 95% of net revenue toward ENA buybacks once USDe supply milestones are reached.
That changes the conversation from:
“Will ENA get more attention?”
to:
“Can protocol growth translate into actual token demand?”
Add the planned end of monthly VC unlocks, and the supply-side story becomes worth watching.
Not a guaranteed winner.
But definitely a token I’d research deeper.