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ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote

CoinTelegraph
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ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote

The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks.

Key Takeaways

  1. The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on CoinTelegraph

Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.