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Ethena Foundation Confirms ENA Fee Switch Parameters Met

According to the Ethena Foundation, Risk Committee-approved parameters for the ENA fee switch are satisfied, pending governance finalization before ENA holders vote on the framework.

ENA

Summary

The Ethena Foundation announced that the Risk Committee has confirmed all conditions required to activate the ENA fee switch have been met. The switch will proceed once implementation details and governance processes are finalized. Following disclosure of the framework, ENA holders will vote to approve the proposal.

Terms & Concepts
  • Fee Switch: A governance mechanism in decentralized protocols that enables a portion of transaction or protocol fees to be redirected, often to token holders or a treasury.
  • Governance Procedures: The formal steps and processes a decentralized autonomous organization (DAO) follows to approve and implement protocol changes.
  • ENA Token: The native token of the Ethena protocol, used for governance and potentially earning rewards from protocol-generated fees.