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Ethena Foundation buys out seed investors' locked tokens in ecosystem revamp - Cryptopolitan

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Ethena Foundation proposes fee switch routing 100% of net revenue to ENA buybacks

Ethena Foundation opened governance vote to route effectively all net protocol revenue to ENA token buybacks, contingent on USDe supply reaching approximately double current levels, while buying out seed investors who sold tokens.

Aug 27, 2026·7 sourcesTokenomicsStablecoinsDAOs & governanceToken buybacksDeFi
Ethena Foundation proposes fee switch routing 100% of net revenue to ENA buybacks
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Other sources for this story

The Defiant

Ethena Proposes Sending All Net Revenue to ENA Buybacks

BeInCrypto

Ethena Just Paid Its Early Investors to Exit as ENA Nears 100% Rally

Bankless

Ethena Fee Switch Vote Ties ENA Buybacks to USDe Growth

CoinDesk

Ethena (ENA) price surges as buyback vote, VC unlock overhaul boost token outlook

Unchained

Ethena Buys Out Seed Investors Who Sold ENA, but Buybacks Need USDe to Nearly Double - Unchained

The Block

Ethena Foundation proposes fee switch for ENA token buybacks among other updates

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