$ENA
Wintermute's "ENA Fee Switch" Proposal Approved: The Ethena Foundation announced that Wintermute's "Enable ENA Fee Switch" proposal has been approved by the Risk Committee. The proposal aims to approve the flow of part of the protocol revenue to sENA and provide clear parameters for future implementation.
Collaboration to Finalize Parameters: The Foundation will work with the Risk Committee to finalize the relevant parameters for the activation of the fee switch by November 30. The specific implementation mechanism will be announced later.
Proposal Content: Previously on November 7, Wintermute proposed a proposal in the Ethena Governance Forum, requiring the Ethena Risk Committee to set revenue distribution conditions for protocol maturity, including USDe circulation and protocol revenue levels.
Transparency and Interest Alignment: Wintermute also called on the Ethena Foundation to disclose the historical and future distribution of protocol revenue to ensure transparency and alignment with the interests of ENA/sENA holders.
