The changes aim to cut investor selling pressure and channel protocol revenue to ENA as Ethena looks to revive USDe growth.

  • Ethena’s ENA surged 23% Thursday as a broader crypto rally coincided with a major overhaul of the token’s economics, including introducing token buyback from revenue.
  • The foundation is ending monthly VC unlocks and bought locked tokens from certain early investors that had been selling, reducing a source of potential supply.
  • ENA holders are voting on a fee switch that could direct 95% of net protocol revenue to token buybacks, while a separate agreement aims to ensure Ethena’s economic upside accrues to its ecosystem rather than Labs shareholders.

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The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Cathie Wood says smart investors need to start watching where AI agents spend money

U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.

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