CryptoCointelegraphabout 3 hours ago
Ethena proposes ENA buybacks, token rises 10%
1 min read
The Ethena Foundation proposed using 95% of net protocol revenue for ENA buybacks once USDe supply hits $7.5 billion. ENA rose 10.7% in 24 hours. The foundation also bought locked tokens from early investors and accelerated remaining investor unlocks to Oct. 5.
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