According to BlockBeats, on November 16, the Ethena Foundation announced that Wintermute's proposal to "enable ENA fee switching" was approved by the Risk Committee. The Foundation will work with the Risk Committee to finalize the relevant parameters for the activation of the fee switch before November 30, and the specific implementation mechanism will be announced later.
BlockBeats previously reported that on November 7, Wintermute proposed the "ENA Fee Conversion" proposal in the Ethena Governance Forum, suggesting that part of the protocol revenue be approved to flow to sENA and provide clear parameters for future implementation. The proposal requires the Ethena Risk Committee to set revenue distribution conditions for protocol maturity, such as USDe circulation and protocol revenue levels.
