EVM ecosystem is pumping off Robinhood Chain success
$ARB +30% (RH is built on Arbitrum and pays it 10% of chain revenue)
$UNI +40% (Main DEX on RH, and those fees burn UNI
$MORPHO +30% (Sitting on $481M TVL on the chain through Robinhood Earn)
Multiple protocols are printing as RH trenches get hot
We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:
1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any ENA within the last 9 months.
2. Alignment of Token & Equity:
The Ethena Foundation and Ethena Labs have reached agreement on a Master Framework Agreement, whereby IP and ownership of value accrued by the protocol is assigned to the Foundation exclusively and governed by token holders with no residual cash flow due to equity investors in the Labs entity.
3. Revenue Buybacks:
Governance proposal now live for the implementation of the fee switch whereby net revenue accrued across all business lines under the Ethena brand will be used to programmatically buy back the ENA token.
The vote for revenue buyback fee switch implementation is now here, and has already been approved by the Risk Committee:
https://t.co/2urvkqlE6N
4. Removal of monthly VC unlocks:
The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens. All team tokens remain locked per the original vesting schedules.
Further details and documentation is provided in the blog linked below:
Trump said they're going to make hyperliquid legal in the US last week, its the top performing major out of all cryptocurrencies the past two years, $HYPE just broke new ATHs & they have the HyperEVM L1 attached to their perps exchange which has never had any real onchain runners
The world may have forgotten Peter Parker, but he hasn't forgotten them.
Watch the new trailer for #SpiderManBrandNewDay, in theatres July 31. Tickets on sale NOW.
Happy to announce our collaboration with @gloobiez_eth
We’re giving away WL spots for @gloobiez_eth
How to join:
• Follow @SovereignD40 & @gloobiez_eth
• Like + RT
• Drop your EVM wallet
Winners picked soon