Ethena Foundation proposes routing 95% of net revenue into ENA buybacks once USDe supply reaches $7.5B, requiring roughly 85% growth from current

Ethena Foundation buys out early investors, eliminates future VC token unlocks, and approves revenue buybacks in a sweeping governance

Ethena proposed using all net revenue for ENA buybacks and said its Foundation bought locked tokens from seed investors that had sold ENA.