To ensure sENA holders benefit from Ethena's revenue, Wintermute proposed a fee switch framework.

TL;DR Wintermute has proposed a governance change to reward Ethena (sENA) token holders by introducing a “fee switch” to allocate a portion of Ethena's revenue directly to them. The proposal aims to ensure a fair distribution of Ethena's revenue, addressing the gap between the protocol's financial performance and the benefits for staked token holders.

The Ethena community is currently reviewing a proposal from crypto market maker Wintermute to activate a fee switch within the protocol. In the Nov. 6 proposal, Wintermute highlighted the lack of clarity regarding the revenue distribution for Ethena's ENA token.

The probability of a strong altseason has increased as the Bitcoin price has risen. Moreover, the growing Bitcoin dominance fueled the expectation, which appears to become viable as the altcoins continue to gain strength. Presently, the dominance has reached levels around 60% from where the famous 2021 bull run was instigated.

ENA is flashing bullish signals, but how far can these signals take it?

Wintermute's proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena's revenue directly to sENA holders.

The proposal also asked for more transparency on the past and future revenue allocation of the Ethena protocol.

DOGE, ENA and XMR rallied amidst volatile BTC price action before US elections.

The anticipated crypto bull run has investors closely watching top digital assets showing strong weekly performances. Recently, with the surging in value, these cryptocurrencies are positioned to double in price as market sentiment improves potentially.

Ethena is a financial protocol built on the Ethereum blockchain, designed to provide a synthetic dollar solution that operates independently of traditional banking systems. In mid-October, big investors bought around 5.4 million ENA tokens worth about $2.3 billion.

Dogecoin's recent performance has injected optimism into the broader cryptocurrency market as the token approaches a pivotal resistance level. The digital asset, which had stagnated near $0.1, has surged with growing bullish sentiment and increasing volume. This upward trend hints at Dogecoin's potential to break out and reach a target price of $0.15.

As speculation surrounding potential outcomes from next week's U.S. election intensifies, Bitcoin surged past $71,000 hitting a new all-time-high, igniting double-digit gains across altcoins like DOGE, ENA, POPCAT, and BSV. On Oct.

Ethena Labs remained on investor radar this week after crypto investigator Nomad claimed that the team owns approximately 25% of staked ENA assets in the current season 3 farming event. Nomad stated that this might dilute rewards for unsuspecting users, with those holding stablecoin USDe highly vulnerable.

The ENA token price has increased by 15.68% in the past 24 hours, reclaiming the market cap of $1B. Inching closer to the psychological mark of $0.50, the altcoin is teasing a potential triangle breakout rally.

In a surprising move, the Bitcoin price closed the daily trade above $71,400 and woke up the bulls within the market. The Dogecoin price was on its way to hit $0.15 but now it's attempting to clear the major resistance above $0.16.

Ethena Labs rebutted claims that it unfairly used 180 million of its own tokens to gain rewards from a crypto farming event it hosts.

Ethena Labs, a synthetic dollar protocol built on Ethereum, is under scrutiny after allegedly misusing 180 million ENA tokens on a crypto farming event. The price of a token went down by 6.01%.

Ethena Labs is facing allegations of misusing 180 million Ethena tokens (ENA) during a recent crypto-farming event. The post Ethena Labs Accused of Misusing 180M Tokens in New Crypto-Farming Event appeared first on Cryptonews.

Ethena Labs faces scrutiny after allegations of unfairly staking 180 million ENA tokens in its crypto farming event.

Ethena Labs has refuted inaccurate claims that it unfairly staked 180 million ENA tokens in its crypto farming event.

5% of his fund has been placed in stablecoin until the certain and definitive outcome of the USA elections.

Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.

A veteran trader says that it would be unwise to attempt to start calling for a top in the crypto bull market.

ENA has recently retested its bullish inverted head-and-shoulder price action pattern, and is poised for a 60% rally.

Ethena has broken out of a rare bullish pattern on the one-day charts and could see gains of over 65% from the current price.

WBIT, ENA, and MOG posted significant gains this week as Bitcoin surged past $68K.

Ethena, the decentralized finance (DeFi) platform, is witnessing a notable resurgence in activity as ENA volumes have seen a significant increase, raising questions about the potential recovery of its Total Value Locked (TVL).

Ethena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena's stablecoin, within the Hyperliquid ecosystem upon mainnet launch.

ENA, the native token of Ethena — an Ethereum-based synthetic dollar protocol — has experienced an impressive 45% surge over the past week. Currently trading at $0.38, ENA has reached its highest price level since July.

A closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.

Ethena (ENA) has emerged as a standout performer, captivating the attention of investors with a notable price surge. Currently holding a market cap of approximately $1.15 billion, ENA's price has seen an impressive increase of nearly 50% over the past week and has almost doubled in the last month.

ENA's daily trading volume has surged past $500 million, potentially signaling a revival for the Ethena network after months of declining activity and TVL.

Ethena saw some resurgence of network activity as ENA volumes registered a significant uptick.

ENA has risen as the top performer in the last 7 days driven largely by key developments within its ecosystem and heightened whale activity. Over the past month, Ethena (ENA) has surged by 96.

With a market cap of $1.15 billion, the Ethena (ENA) price has increased by almost 50% over the last seven days and almost doubled in the last 30 days. Are you wondering if the altcoin can scale up beyond the $0.

Global Market Overview: The cryptocurrency market is showing positive movement with a market cap of $2.31 trillion, up 0.88% in the last 24 hours. The Fear & Greed Index stands at 58, marking a neutral sentiment among investors, while 24-hour trading volumes have surged by nearly 18%.

Ethena token price rose for three consecutive days as sentiment in the crypto industry improved. Ethena (ENA), best known for the USDe stablecoin, rose to $0.4676, its highest level since July 24.

Ethena is a financial protocol built on the Ethereum blockchain, designed to provide a synthetic dollar solution that operates independently of traditional banking systems. Strategic Developments - Ethena Labs has announced the upcoming launch of UStb, which will be backed by BlackRocks BUIDL fund.

The community behind a synthetic dollar protocol on Ethereum (ETH) is proposing adding a top ETH rival to its reserve assets for its stablecoin. According to a new Ethena (ENA) community proposal, the community is considering adding Solana (SOL) as a reserve asset for the US-dollar pegged stablecoin USDe.

Ethena registered a massive price rise over the last week, but the trend might change soon.

Bitcoin reclaims $65k, sparking double-digit gains for altcoins like ENA, WLD, and BRETT.

Ethena proposes adding Solana and liquid staked SOL variants as reserve assets for its USDe stablecoin, potentially unlocking billions in additional open interest and boosting the ENA token price.

Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.

With Bitcoin making a comeback above the $64,000 mark, the anticipation of an October rally in the crypto market is beginning to resurface. Amid the increasing bullishness, the Ethena Labs token, ENA, is ranking among the top performers.

In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum's Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion.

If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.

ENA, the native cryptocurrency of Ethereum-based DeFi project Ethena has witnessed a strong surge as the platform pitches a direct stablecoin competition with industry giant Tether. As a result, the ENA price has shot up by 25% moving to $0.35 with its market cap surging past $920 million.