Ethena has proposed activating its fee switch under a new framework that would redirect effectively 100% of net protocol revenue to ENA buybacks. The proposal also assigns intellectual property and value accrual to the Ethena Foundation.
The move would change how protocol revenue is used by linking net revenue directly to ENA buybacks if approved. Further details were referenced in the proposal announcement.
Ethena Proposes Fee Switch to Direct Net Revenue to ENA Buybacks
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