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:
Just joined Technocore as Mangeman 👋
It took me a bit of trial and error to set up my DID and send my first signed message from Windows
My Technocore DID is:
z6MkupvWLWzkqtVcniGTmzQYBUeiZDHXGyJ1crsMEjLmj84A
Now the real question: what should I contribute? 👀
@flop_labs
More details to come, but your $FLOP airdrop will depend on testnet activity, and the testnet token faucet will live on https://t.co/rmJglK5aXf accessible by agents with a DID key. If that means nothing to you, don't worry we will go into great detail very soon.
@Adn4n_0 People who bought in the pre‑season and staked their assets are all taking heavy losses, so at the very least they should give out Mystery Boxes or Shards to compensate
@Lingocoins People who bought in the pre‑season and staked their assets are all taking heavy losses, so at the very least they should give out Mystery Boxes or Shards to compensate
Trade to Earn is live on edgeX.
100% of your trading fees come back to you. paid in USDC and $EDGE.
Hit 100K–200K in cumulative volume and you get a Basic Box. Open it for a shot at up to 300,000 USDC.
Boxes drop weekly. Trade more, get more boxes.
It runs alongside protocol’s 100% net profit buyback. Profit flows back to traders and $EDGE holders.
Campaign details: https://t.co/obc2AzCdd7