The Ethereum Foundation has officially approved Wintermute's proposal to share a portion of revenue from the decentralized finance (DeFi) protocol with token holders, according to an announcement from Wintermute's governance forum.

On November 6, Wintermute, a market maker, proposed allocating a portion of revenue from Ethena fees to participants staking ENA, the platform's native token.

“The Ethena Foundation is pleased to announce that the ENA fee transfer activation proposal has been approved by the Risk Committee,” the foundation announced on its governance forum on November 15. “The Foundation will work with the Risk Committee to finalize the parameters for the fee transfer activation, which is expected to be completed by November 30, with detailed implementation mechanisms to be announced at a later date.”

In February, Ethena Labs launched an interest-bearing stablecoin called USDe, which allows users to mint the stablecoin with tokens like Bitcoin (BTC), Ether (ETH), liquid staking derivatives, and other stablecoins. Ethena then uses offchain financial instruments to hedge against potential volatility in its portfolio.

According to data from CoinMarketCap, USDe's circulating supply has increased to nearly $3.2 billion since Ethena Labs released the stablecoin in February.

Launched in April, Ethena's ENA can be staked to earn sENA, a token that previously had no clear mechanism to generate value for its holders.

“The Ethena protocol has been generating significant real revenue, demonstrating product-market fit for USDe,” Wintermute wrote in a November 6 proposal. “However, sENA currently does not directly benefit from this revenue stream, leading to a separation between sENA holders and protocol development,” Wintermute noted.

“It is time to acknowledge this issue and work towards establishing clear consensus among ENA holders and the fundamentals of the protocol.”

On October 25, Wintermute began accepting USDe as collateral for crypto and derivatives trading. Wintermute customers can now use USDe as collateral for options, credit swaps, futures, and spot trading.

USDe now joins the list of crypto assets accepted as collateral by Wintermute, including BTC, ETH, Solana (SOL), and USD Coin (USDC).

Source: https://tapchibitcoin.io/ethena-thong-qua-de-xuat-chia-se-phi-cho-token-ena.html

Source: https://tapchibitcoin.io/ethena-thong-qua-de-xuat-chia-se-phi-cho-token-ena.html