Wintermute Secures Approval to Share Ethena’s Revenue with ENA Stakers
Wintermute has gained approval from the Ethena Foundation to implement a plan that allocates a portion of Ethena's revenue to stakers of its native token, ENA.
The proposal , approved by the Risk Committee, will allow Wintermute to share part of the protocol’s fee income with ENA holders, with detailed implementation expected by the end of November.
Ethena, which launched its interest-earning stablecoin USDe in February, has seen significant growth, with its circulating supply reaching nearly $3.2 billion.
This stablecoin can be minted using assets like Bitcoin , Ethereum , and liquid staking derivatives. Ethena’s ENA token, launched in April, can be staked for sENA, but before Wintermute’s proposal, it lacked a clear mechanism to benefit directly from Ethena’s growing revenue.
READ MORE:
This DeFi Altcoin is Set for Huge Breakout, Crypto Analyst SaysWintermute’s governance forum notes that while Ethena’s protocol has proven to generate substantial revenue, there was previously no direct link between sENA holders and the protocol’s success.
The new proposal aims to create that connection, aligning ENA token holders more closely with Ethena’s growth. In addition, Wintermute has recently begun accepting USDe as collateral for crypto and derivatives trading, expanding the stablecoin’s utility in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Panama City Mayor Proposes Bitcoin Payments for Priority Panama Canal Passage
Panama City Mayor Mayer Mizrachi has suggested a bold new approach to boost Bitcoin adoption and modernize the country’s global trade hub.

Russian Couple Escapes Crypto Kidnapping, Triggers Global Manhunt
A Russian couple recentlyescaped from a kidnapping ordeal orchestrated through a cryptocurrency scam, sparking an international search for the perpetrators.

Loud Protocol’s $LOUD IAO Launch Targets $70,000 with 400 SOL

Ondo Finance Advances Capital Markets Onchain with Wall Street 2.0

Trending news
MoreCrypto prices
More








