Ethena moves to end VC unlocks and put 95% of revenue into ENA buybacks — once USDe supply recovers by half
Ethena's foundation says it bought out locked ENA from seed investors who had been selling, will release the rest of the VC unlock in one tranche from Oct. 5, and has put a 95%-of-revenue buyback to a vote — contingent on USDe supply recovering to $7.5 billion.