Wintermute proposes conversion fees for Ethena’s sENA holders
Wintermute, a cryptocurrency market maker, released a new governance proposal on Wednesday, which requires the distribution of a portion of Ethena Protocol's revenue to projects related to ENA, while clarifying the past and future revenue distribution of the Ethena Protocol. The proposal did not specify details such as revenue distribution ratios or fee conversion mechanisms. Instead, Wintermute requested that Ethena consider the "best form" of fee conversion to address the growing supply of US dollars to euros and the competitiveness of US dollar to euro yields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Yesterday, the U.S. Ethereum spot ETF had a net inflow of $52.3 million
A whale who held 12,001 ETH and had been dormant for 8.75 years began to sell it on the chain
Hamster Kombat’s User Base Plummets by 86% Amid Declining Popularity
CryptoQuant CEO Issues Warning to Investors Amid Bitcoin Surge