ETHENA ELIMINATES USDE TOKEN INCENTIVES; TO END INFLATION PROGRAM THIS MONTH [SOURCE](https://x.com/ethena/status/2103758327142641925)
Macro & Markets ·
Ethena has announced the elimination of USDe token incentives, with the program ending by month's end, according to the project's statement. This represents a final step in a broader wind-down: token incentives tied to USDe growth have already declined by roughly 85 percent between 2024 and this year.
The move concludes what Ethena framed as a bootstrapping phase for the stablecoin product. With zero token incentives and inflation scheduled to cease going forward, the protocol is transitioning away from growth-oriented monetary policy.
The announcement does not detail the mechanics of how remaining incentives will be disabled, nor does it specify whether other forms of user rewards or governance participation remain available.