Ethena Plans ENA Buybacks at $7.5B USDe Threshold; ENA Surges 16-23% on Proposal
According to Ethena Foundation's governance proposal unveiled August 27, the protocol will activate automated ENA buybacks once USDe supply reaches $7.5 billion, with the vote closing September 2. Currently at $4–4.6 billion in circulation, USDe requires roughly 85% growth to trigger the
GateNews·08-29 08:22
