{"id":649634,"date":"2026-08-28T09:52:39","date_gmt":"2026-08-28T09:52:39","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/08\/28\/ena-token-rises-10-as-ethena-puts-revenue-funded-token-buybacks-to-vote\/"},"modified":"2026-08-28T09:52:39","modified_gmt":"2026-08-28T09:52:39","slug":"ena-token-rises-10-as-ethena-puts-revenue-funded-token-buybacks-to-vote","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/08\/28\/ena-token-rises-10-as-ethena-puts-revenue-funded-token-buybacks-to-vote\/","title":{"rendered":"ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote"},"content":{"rendered":"

\"ENA<\/p>\n

The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks.<\/p>\n

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.<\/p>\n

The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethena\u2019s core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post<\/a>.<\/p>\n

Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot<\/a>.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks. The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token […]<\/p>\n","protected":false},"author":1,"featured_media":649635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-649634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/649634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=649634"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/649634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/649635"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=649634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=649634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=649634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}