Ethena Fee Switch Passes 100 Percent, Starts ENA Buybacks
Ethena Foundation confirms unanimous vote on fee switch that begins programmatic ENA token buybacks scaling with metrics.
Ethena Foundation reported that its fee-switch governance vote passed with 100 percent support from participants.
The outcome activates a programmatic buyback program for the ENA token that will scale with future protocol metrics.
What remains unknown
Specific metrics, milestones, buyback scale, and timeline remain undisclosed.