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Ethena Proposes Sending All Net Revenue to ENA Buybacks

The Defiant·August 27, 2026·1 min read
Ethena Proposes Sending All Net Revenue to ENA Buybacks

Ethena proposed sending all net revenue to ENA buybacks, with a new framework assigning protocol IP and value accrual to the Ethena Foundation. A live vote would use effectively 100% of net revenue for ENA purchases, potentially boosting token value through reduced supply.

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