Ethena Reshapes ENA Tokenomics With Revenue Buybacks

TLDR Ethena repurchased locked ENA tokens from several major seed investors to reduce future selling pressure. Monthly investor unlock pressure could ease after the Foundation accelerated the remaining investor vesting schedule. About 12% of locked and unvested ENA remains, covering team, ecosystem, and Foundation allocations. Ethena changed its economic framework so protocol profits and future [...]

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