Ethena Foundation approves Wintermute proposal, will finalize ENA fee conversion parameters by the end of November

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.

Previously, 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 risk committee to set income distribution conditions, such as USDe circulation and protocol revenue levels.