📢 ENA Buybacks Are Approved — But There's One Catch!
Ethena has approved a new plan to use protocol revenue for ENA buybacks.
Here's what you need to know:
• The buyback plan received approval from ENA holders.
• Buybacks start only when USDe supply reaches $7.5 billion.
• At that first milestone, 5% of protocol revenue is allocated to buybacks.
• The allocation rises as USDe supply reaches higher milestones.
• The plan connects Ethena's business growth with ENA's token economics.
The key point: Approval doesn't mean buybacks have started. The $7.5B supply target must be reached first.
$ENA
.
.
.
.
#ethena #Crypto
Not financial advice. DYOR.
Ethena has approved a new plan to use protocol revenue for ENA buybacks.
Here's what you need to know:
• The buyback plan received approval from ENA holders.
• Buybacks start only when USDe supply reaches $7.5 billion.
• At that first milestone, 5% of protocol revenue is allocated to buybacks.
• The allocation rises as USDe supply reaches higher milestones.
• The plan connects Ethena's business growth with ENA's token economics.
The key point: Approval doesn't mean buybacks have started. The $7.5B supply target must be reached first.
$ENA
.
.
.
.
#ethena #Crypto
Not financial advice. DYOR.
