Ethena Foundation Overhauls ENA Tokenomics With Buyouts and Buybacks

TLDR: Ethena Foundation bought out locked tokens from seed investors who sold ENA in nine months. A new Master Framework Agreement moves protocol IP and value accrual fully to token holders. Monthly VC token unlocks end as Ethena Foundation releases unvested investor tokens early. Risk Committee approval clears a fee switch directing Ethena’s net revenue [...]

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