🚨 ENA JUST FINISHED A MAJOR TOKENOMICS RESET
Ethena’s biggest recent ENA change is now official: remaining original investor unlocks were accelerated and completed on October 5, ending the recurring investor unlock schedule. Team tokens remain under their original vesting schedules.
At the same time, Ethena’s fee-switch implementation is moving toward ENA buybacks, with governance-approved parameters designed to direct a growing share of protocol revenue toward buybacks as USDe reaches different supply milestones.
But there’s an important distinction:
The unlock schedule ending does not mean ENA supply suddenly disappears, and the buybacks depend on the stated revenue/USDe milestones.
So the real ENA story right now is a major change in token supply dynamics + a new value-accrual mechanism for the token.
$ENA
.
.
#ethena #DeFi #Write2Earn
Not financial advice. DYOR.
Ethena’s biggest recent ENA change is now official: remaining original investor unlocks were accelerated and completed on October 5, ending the recurring investor unlock schedule. Team tokens remain under their original vesting schedules.
At the same time, Ethena’s fee-switch implementation is moving toward ENA buybacks, with governance-approved parameters designed to direct a growing share of protocol revenue toward buybacks as USDe reaches different supply milestones.
But there’s an important distinction:
The unlock schedule ending does not mean ENA supply suddenly disappears, and the buybacks depend on the stated revenue/USDe milestones.
So the real ENA story right now is a major change in token supply dynamics + a new value-accrual mechanism for the token.
$ENA
.
.
#ethena #DeFi #Write2Earn
Not financial advice. DYOR.
