🔥 ENA's Buyback Plan Is Approved — But There's a $7.5B شرط!
Ethena has approved a new plan to use protocol revenue for ENA token buybacks.
Here's what you need to know:
• The buyback plan passed its governance vote.
• It starts when USDe's 14-day average supply reaches $7.5 billion.
• The initial revenue allocation is 5%.
• The allocation can rise to 10%, 15% and 20% as USDe grows.
• Buybacks have not started yet because the first target must be reached.
Why it matters: ENA's future buybacks are linked to the growth of Ethena's stablecoin business.
Can USDe reach the $7.5B milestone?
$ENA
.
.
.
#Ethena #Crypto
Not financial advice. DYOR.
Ethena has approved a new plan to use protocol revenue for ENA token buybacks.
Here's what you need to know:
• The buyback plan passed its governance vote.
• It starts when USDe's 14-day average supply reaches $7.5 billion.
• The initial revenue allocation is 5%.
• The allocation can rise to 10%, 15% and 20% as USDe grows.
• Buybacks have not started yet because the first target must be reached.
Why it matters: ENA's future buybacks are linked to the growth of Ethena's stablecoin business.
Can USDe reach the $7.5B milestone?
$ENA
.
.
.
#Ethena #Crypto
Not financial advice. DYOR.
