🚨 ENA’S BIGGEST TOKENOMICS UPDATE JUST GOT APPROVED
Ethena’s governance vote has passed the ENA fee-switch proposal, opening the door for protocol revenue to fund programmatic ENA buybacks as specific milestones are reached.
Here’s why this matters: the approved framework links buybacks to USDe supply growth. As supply reaches higher thresholds, a larger share of protocol revenue is intended to go toward ENA buybacks.
But there’s an important detail: approval doesn’t mean every buyback happens immediately. The framework ties buybacks to defined milestones, and implementation details are still being discussed.
For ENA, this creates a clearer connection between protocol growth and potential token value accrual. Whether it translates into lasting demand depends on Ethena’s revenue, USDe adoption, and execution.
The key question now: can Ethena grow USDe enough to activate the higher buyback levels?
$ENA
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.
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#Ethena #Crypto #Write2Earn
Not financial advice. DYOR.
Ethena’s governance vote has passed the ENA fee-switch proposal, opening the door for protocol revenue to fund programmatic ENA buybacks as specific milestones are reached.
Here’s why this matters: the approved framework links buybacks to USDe supply growth. As supply reaches higher thresholds, a larger share of protocol revenue is intended to go toward ENA buybacks.
But there’s an important detail: approval doesn’t mean every buyback happens immediately. The framework ties buybacks to defined milestones, and implementation details are still being discussed.
For ENA, this creates a clearer connection between protocol growth and potential token value accrual. Whether it translates into lasting demand depends on Ethena’s revenue, USDe adoption, and execution.
The key question now: can Ethena grow USDe enough to activate the higher buyback levels?
$ENA
.
.
.
.
#Ethena #Crypto #Write2Earn
Not financial advice. DYOR.