đš Ethena Just Locked In a Real Value Loop Most People Still Ignore
While attention stayed on the big names, Ethena made a structural change.
The protocol approved a fee switch that directs 95% of net revenue toward ENA buybacks and redistribution to token holders.
This directly ties protocol activity to ongoing demand for the token.
TVL remains in the multi-billion range.
Arthur Hayes previously accumulated a large ENA position, and the protocol recently completed a SOC 2 Type II security audit â an independent check that institutions often require.
Most traders only watch the daily candle.
The revenue-to-buyback mechanism is already approved and live.
$ENA
#Write2Earn
While attention stayed on the big names, Ethena made a structural change.
The protocol approved a fee switch that directs 95% of net revenue toward ENA buybacks and redistribution to token holders.
This directly ties protocol activity to ongoing demand for the token.
TVL remains in the multi-billion range.
Arthur Hayes previously accumulated a large ENA position, and the protocol recently completed a SOC 2 Type II security audit â an independent check that institutions often require.
Most traders only watch the daily candle.
The revenue-to-buyback mechanism is already approved and live.
$ENA
#Write2Earn
