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Ethena
2026-08-27 18:55:39

Ethena proposes using 95% of brand net revenue to buy back ENA once USDe reaches $7.5 billion

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.

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Ethena proposes using 95% of brand net revenue to buy back ENA once USDe reaches $7.5 billion
Doppler Finan
2026-08-26 23:02:54

Doppler Finance launches XDP token with 10 billion total supply

Doppler Finance has introduced XDP, its native utility and governance token, describing it as a coordination layer for the protocol aimed at user participation, decentralized governance, and ecosystem growth. The token is built around three functions: protocol privileges, governance, and a security module planned for a later stage. Users who stake XDP will be eligible for access to advanced vaults and strategies, priority access to new products, and participation in ecosystem activities, though staking details have not yet been released. XDP holders will also be able to vote on protocol parameters, ecosystem incentive budgets, vault plans, and future features. The project said the total supply is 10 billion tokens, with more than half allocated to ecosystem development, vaults, partners, and community growth. A 1.0% genesis airdrop will be fully unlocked at TGE for early users, contributors, and supporters, while 43% is set aside for ecosystem and incentives, including future Doppler Points seasons, XDP staking, and other community programs.

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Doppler Finance launches XDP token with 10 billion total supply
Term Labs DAO
2026-08-25 07:52:18

Term Labs DAO hit by governance attack as attacker drains $8.5 million with $951

Term Labs DAO was hit by a governance attack in which an attacker gained controlling voting power in the DAO’s governance token for $951 and then used a malicious proposal to drain $8.5 million from the strategy treasury, according to Techub, citing Crypto.news. The report says the incident shows that governance-level vulnerabilities remain unresolved across much of DeFi. Rather than exploiting a smart contract bug in the usual sense, the attacker appears to have taken control through token accumulation and pushed through a proposal that enabled the withdrawal. The case adds to ongoing concerns around DAO governance design, especially in protocols where voting control can be acquired cheaply and then used to move treasury assets.

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Term Labs DAO hit by governance attack as attacker drains $8.5 million with $951