⚡️sENA holders may directly benefit from the income of the Ethena protocol——

Wintermute proposed the "ENA fee conversion" proposal in the Ethena governance forum, suggesting to approve part of the protocol's income to flow to sENA and to provide clear parameters for future implementation.

The proposal requests the Ethena risk committee to set income distribution conditions based on the maturity of the protocol, such as USDe circulation and protocol revenue levels.

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.