$ENA ENA โ Delta-Neutral Mechanics & 2026 Targets
How Ethena works:
Collateral (ETH/BTC) + short perp = delta-neutral
Revenue from funding rates + staking yield
Issue: 332M cumulative revenue โ 0 to ENA holders
The Fee Switch vote (weeks away) could change everything.
#Ethena
2/3 The solution? A Fee Switch governance vote โ expected in weeks.
If activated, a portion of protocol revenue flows to staked ENA ( $sENA) holders.
This could trigger a sharp repricing, similar to MKR's +40% move.
#Ethena#USDe
@Lisk The most exciting narrative for me today is blockchain becoming invisible infrastructure for real problems in emerging markets.
Not hype DeFi or memes โ but stablecoin remittances, mobile rewards, digital identity,and B2B payments that actually help people in Africa, SEA &LatAm
@ethena $ENA buy plan (Oct 13-24, 2025): $10M/day if $ENA <$0.70 or down >5% in 24h, else $5M/day. Total spend: $115M. Est. tokens: ~188.7M $ENA. Prices assumed from $0.41 to $0.74
@gdog97_