🔥 ENA'S BUYBACK PLAN HAS A CATCH — HERE'S THE LATEST!
Ethena's latest governance updates highlight a key development:
- Governance approved a revenue-based ENA buyback framework.
- Buybacks start when USDe supply reaches $7.5 billion.
- The allocation can rise to 20% of net revenue as USDe grows.
- Ethena also ended its recurring original investor unlock schedule in October.
Key takeaway: The buyback framework is approved, but the $7.5B USDe threshold must be reached before the first tier activates.
$ENA
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.
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#ENA #ethena #defi
Not financial advice. DYOR.
Ethena's latest governance updates highlight a key development:
- Governance approved a revenue-based ENA buyback framework.
- Buybacks start when USDe supply reaches $7.5 billion.
- The allocation can rise to 20% of net revenue as USDe grows.
- Ethena also ended its recurring original investor unlock schedule in October.
Key takeaway: The buyback framework is approved, but the $7.5B USDe threshold must be reached before the first tier activates.
$ENA
.
.
.
#ENA #ethena #defi
Not financial advice. DYOR.
