CandleFocus Important Mechanism Activated in Binance-Listed Altcoin: Price Spikes – Here Are The Details
2024-11-15
Author: Content Editor
The Ethena Foundation has approved Wintermute Trading's proposal to introduce a fee switch mechanism for the ENA token. This development aims to align the protocol's growth with the interests of token holders and increase the usage of sENA. As a result, ENA experienced an 11% price increase at its peak. The fee switch mechanism would allow a portion of the platform's revenue to be directed to sENA holders, potentially benefiting them from the revenue generated by the protocol's USDe stablecoin product. The Risk Committee and the Foundation plan to finalize the parameters for fee switch activation by November 30.
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