Ethena Foundation ensures all protocol revenue benefits the ecosystem, excluding labs and external entities.
ENA fee switch activation set for November 30, fostering protocol transparency and governance involvement.
The Ethena Foundation has announced a major turning point when the Risk Committee approved the Wintermute proposal allowing a change in the ENA fee.
A tweet from Ethena Labs claims that the foundation is now working with the Risk Committee to set the conditions for turning on the fee switch by November 30th. Later on, specifics of this process—including its execution strategies—will be shared.
The response from the Foundation is contained within the original governance post:https://t.co/CNeAtfBd4V pic.twitter.com/cHZQTsgUFC
— Ethena Labs (@ethena_labs) November 15, 2024
Ethena: Commitment to Transparent Revenue Allocation
This action is a part of the larger effort of the foundation to guarantee openness and match the money flow of the protocol with its decentralize
