Ethena token holders vote to direct all net revenue toward ENA buybacks, driving a 12% price increase.

Regulation & Gov · 2026-09-04

Ethena token holders approved a proposal to direct all net revenue toward ENA buybacks, with the token rising 12% following the vote.

Previously on Telem

Ethena launches Pay app offering 6% rewards across 49 countries 2026-09-04
Ethena Foundation's fee switch vote passes, programmatic ENA buybacks begin 2026-09-03
Ethena Foundation redirects protocol value to token holders via buybacks 2026-08-30
Ethena expands USDe backing with equity perpetual futures at $6B open interest 2026-08-28
Ethena Foundation proposes revenue-funded ENA buybacks, eliminates VC unlock overhang 2026-08-28

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