Ethena Foundation Proposes ENA Buybacks Contingent on USDe Reaching $7.5B; ENA Surges 16-23%
Ethena Foundation announced today (August 29) a conditional buyback proposal for ENA token, contingent on USDe stablecoin supply reaching $7.5 billion. The governance vote closes September 2. Once triggered, 95% of net protocol revenue would flow into automated ENA purchases on the open market.
GateNews·1h ago
