ENA Rises 10% After Ethena Foundation Reveals Token Buyback Proposal
The proposal would tie recurring ENA purchases to USDe growth and end monthly investor unlocks, as the token jumped 10.7% in a day.
7 Articles
7 Articles
Ethena proposes 95% revenue allocation to ENA buybacks
Ethena has proposed directing 95% of net revenue from its branded businesses toward ENA buybacks once USDe supply reaches $7.5 billion, as the protocol also moves to end monthly investor unlocks and separate ecosystem economics from Ethena Labs equity. According…
ENA rises over 10% in 24 hours following a series of announcements from the Ethena Foundation, including a proposed ENA buyback program.
What to remember: A governance vote is about the allocation of 95% of net revenue to the buy-in of ENA. The foundation has bought the locked tokens of initial investors who have sold since October 2025. Monthly release ends, with a single release on 5 October. The Ethena Foundation has opened a governance vote on the allocation of 95% of its net income to the buy-in of the ENA token. This measure is part of a set of four announcements designed t…
Ethena’s ENA Buyback Plan Won’t Kick In Until USDe Nearly Doubles
Ethena Foundation put a governance proposal live on August 27 that would eventually funnel most of its protocol revenue into buying back ENA on the open market. The catch: the mechanism only activates once Ethena’s synthetic dollar, USDe, reaches $7.5...
ENA Jumps 10% as Ethena Seeks Approval for Revenue-Funded Buybacks
Ethena’s native token ENA surged after the Ethena Foundation announced a package of governance and treasury updates aimed at changing how the protocol’s revenue is handled and how certain investor token schedules unwind. In an ecosystem update posted Thursday, the foundation detailed four changes, including a vote on a “fee-switch” mechanism that would direct a large share of net revenue toward ENA buybacks once Ethena’s synthetic dollar supply …
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