đš ENA JUST ENTERED A VERY DIFFERENT PHASE
Ethena has officially ended the ENA incentives tied to USDe growth as of October 1.
That means the protocol is moving away from using new ENA emissions to incentivize USDe growth, while its new revenue-based ENA buyback framework becomes a bigger part of the token-economics story. Governance approved a framework that can redirect protocol revenue toward ENA purchases once specified USDe supply milestones are reached.
Thereâs another date to watch: StablecoinXâs special ENA lock-up waiver takes effect on October 5, changing the restrictions around its ENA holdings.
So ENA now has two very different forces in focus: reduced incentive emissions and upcoming token-unlock dynamics.
đš ENA UPDATE: The incentive era is changing. Click the $ENA setup below đ«”đ» and check the latest tokenomics and market structure.
$ENA
.
.
.
#ethena #DeFi #Write2Earn
Ethena has officially ended the ENA incentives tied to USDe growth as of October 1.
That means the protocol is moving away from using new ENA emissions to incentivize USDe growth, while its new revenue-based ENA buyback framework becomes a bigger part of the token-economics story. Governance approved a framework that can redirect protocol revenue toward ENA purchases once specified USDe supply milestones are reached.
Thereâs another date to watch: StablecoinXâs special ENA lock-up waiver takes effect on October 5, changing the restrictions around its ENA holdings.
So ENA now has two very different forces in focus: reduced incentive emissions and upcoming token-unlock dynamics.
đš ENA UPDATE: The incentive era is changing. Click the $ENA setup below đ«”đ» and check the latest tokenomics and market structure.
$ENA
.
.
.
#ethena #DeFi #Write2Earn
