BlockBeats News, November 7th, Wintermute proposed the "ENA Fee Conversion" proposal at the Ethena Governance Forum, suggesting the approval of part of the protocol's revenue to be directed towards sENA, and providing clear parameters for future implementation. The proposal requires the Ethena Risk Committee to set income distribution conditions based on the protocol's maturity, such as the circulation of USDe and the level of protocol earnings.

At the same time, Wintermute calls on the Ethena Foundation to publicly disclose the historical and future distribution of protocol income to ensure transparency and alignment with the interests of ENA/sENA holders.