Ethena Foundation Optimizes ENA Tokenomics, ENA Surges Over 15% in 24 Hours

Odaily News, Ethena Foundation announced four adjustments to the Ethena ecosystem yesterday, including buybacks of locked tokens held by early investors, further alignment of token and equity value, launching a governance proposal to repurchase ENA using protocol revenue, and eliminating monthly token unlocks for future VC investors.

Following the announcement, ENA rose more than 15% over the past 24 hours.