Ethena Foundation to End Monthly Investor Unlocks and Launch ENA Buyback Program

The Ethena Foundation has announced a series of adjustments to mitigate sell pressure from early investor token unlocks. The foundation has repurchased remaining locked ENA tokens from major seed investors and reached an agreement to terminate remaining vesting schedules by October 5. Furthermore, Ethena Labs and the foundation have reached a consensus to transfer key intellectual property and economic benefits to the foundation and its governance ecosystem. A new fee switch proposal will allocate 95% of net revenue from core business lines—including USDe s