Ethena has proposed directing 95% of net revenue from its brand business to buy back its governance token, ENA, once USDe supply reaches $7.5 billion. The proposal also includes ending monthly investor token unlocks and separating ecosystem economics from equity in Ethena Labs. The update was carried by Techub, which cited Crypto.news. The plan ties the buyback trigger to a specific USDe supply threshold and pairs it with changes to token release structure and the relationship between the protocol’s ecosystem economics and the company’s equity. No additional implementation timeline or financial details were disclosed in the brief.
Ethena has proposed allocating 95% of net revenue from its brand business to buy back its governance token, ENA, once USDe supply reaches $7.5 billion.
The synthetic dollar protocol also plans to end monthly investor token unlocks and separate ecosystem economics from equity in Ethena Labs.
Techub reported the update, citing Crypto.news.
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