🔥 Does $ENA actually benefit from the profits, or does it only have the logo?
Ethena says the money stays within the Foundation and does not go back to Ethena Labs shareholders.
An official document is expected this month. Until it is published, the token essentially has nothing but a logo. :)
📌 The main issue
This is a classic scenario: the company builds the money-printing machine, while the token gets only a sticker and a role on Discord.
Ethena is instead trying to move this “profit machine” into its ecosystem. The intellectual property, remaining profits, and even a possible future sale should, in theory, bypass Ethena Labs shareholders.
On paper, this sounds interesting.
⚠️ But there’s a problem
The framework was announced in August, but the official document still hasn’t been published.
And even if it is published, the Foundation’s rights don’t automatically mean that ENA holders will receive money.
Those rights still need to be turned into tangible benefits that the token can capture.
📊 What should you watch for?
The $ENAUSDT chart tells only part of the story.
The real question is whether October will actually bring the promised document, or just another presentation where the logo does all the work.
DYOR: Do your own research. This is not financial advice.
Ethena says the money stays within the Foundation and does not go back to Ethena Labs shareholders.
An official document is expected this month. Until it is published, the token essentially has nothing but a logo. :)
📌 The main issue
This is a classic scenario: the company builds the money-printing machine, while the token gets only a sticker and a role on Discord.
Ethena is instead trying to move this “profit machine” into its ecosystem. The intellectual property, remaining profits, and even a possible future sale should, in theory, bypass Ethena Labs shareholders.
On paper, this sounds interesting.
⚠️ But there’s a problem
The framework was announced in August, but the official document still hasn’t been published.
And even if it is published, the Foundation’s rights don’t automatically mean that ENA holders will receive money.
Those rights still need to be turned into tangible benefits that the token can capture.
📊 What should you watch for?
The $ENAUSDT chart tells only part of the story.
The real question is whether October will actually bring the promised document, or just another presentation where the logo does all the work.
DYOR: Do your own research. This is not financial advice.