Wintermute has received approval to revamp Ethena's revenue sharing model. The Ethena Foundation recently announced that Wintermute's proposal to overhaul revenue sharing for the Ethena protocol has been approved by the risk committee. The changes, which aim to benefit staked ENA (sENA) holders, are set to be implemented by the end of November pending finalization of details. Wintermute, a key market maker and supporter of Ethena, proposed the changes to address a perceived misalignment between sENA holders and the protocol's revenue success. The proposed adjustments include allocating a portion of Ethena's revenue to programs enhancing the value of staked governance tokens. The foundation has committed to ensuring that future revenues solely benefit the protocol, with governance processes determining fund usage. Transparency regarding revenue allocations and earnings will also be increased. The Ethena Foundation is working with the risk committee to finalize the new revenue-sharing model, with activation parameters expected by Nov. 30. This development signifies a step towards aligning incentives and enhancing transparency in the Ethena ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news