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news-imageNovember 7, 2024

Wintermute proposes fee switch for fair revenue sharing in Ethena protocol

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.
Publisher: CryptoSlate
Sentiment: Neutral
ENA

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Wintermute's Latest Proposal Aims to Reward Ethena Stakers with Revenue Share

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.

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Ethena (ENA) Poised for Breakout as Price Approaches $0.50

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.

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