I think ena has one more push higher before
any meaningful correction .
Ethena Foundation just announced 4 major changes to the ena ecosystem:
• Buy back all locked ENA from certain seed investors who sold tokens over the past 9 months.
• Continue aligning the value between the ENA token and Ethena Labs, with generated value/IP belonging to the treasury and governed by ENA holders.
• Propose using net revenue from all Ethena products to buy back ENA on a periodic schedule.
• Cancel the monthly VC token unlock mechanism in the future, reducing periodic selling pressure on the market.
The last point is the most note worthy in my view.
$MOVR
$MAGMA
any meaningful correction .
Ethena Foundation just announced 4 major changes to the ena ecosystem:
• Buy back all locked ENA from certain seed investors who sold tokens over the past 9 months.
• Continue aligning the value between the ENA token and Ethena Labs, with generated value/IP belonging to the treasury and governed by ENA holders.
• Propose using net revenue from all Ethena products to buy back ENA on a periodic schedule.
• Cancel the monthly VC token unlock mechanism in the future, reducing periodic selling pressure on the market.
The last point is the most note worthy in my view.
$MOVR
$MAGMA
