Wintermute Proposes Revenue Sharing Plan for Ethena’s sENA Holders
Wintermute’s proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena’s revenue directly to sENA holders.
1H
2.36%$0.0114
24H
-6.63%$0.0352
7D
36.8%$0.1335
30D
73.9%$0.2106
Wintermute’s proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena’s revenue directly to sENA holders.
Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.
Ethena community to vote on integrating Ethereal DEX to boost USDe stablecoin, with ENA holders receiving Ethereal tokens if approved.
Ethena Labs has confirmed that the newly launched UStb stablecoin is a “wholly independent product”, and independent of its already existing USDe stablecoin.
Despite the current market volatility and criticism about the risks associated with synthetic stablecoins, Ethena has taken steps to manage these challenges.
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument – the ‘Internet Bond’.
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