Ethena Labs Proposes Reducing Risk Committee to Three Members

ENA and sENA holders will vote next week on cutting the committee size, shifting Ethena Labs to a non-voting advisory role, and potentially raising member compensation.

ENA

Summary

Ethena Labs Research has advanced a proposal to reduce its risk committee from five to three members, with ENA and staked ENA (sENA) holders set to vote next week. If approved, Ethena Labs will transition to a non-voting advisory position, allowing the Foundation to increase committee member compensation. If rejected, the initial plan to elect five members will proceed.

Terms & Concepts
  • ENA token: A cryptocurrency issued by Ethena Labs, used for governance and participation in the platform’s ecosystem.
  • sENA: Staked ENA, representing ENA tokens locked for governance or rewards within Ethena Labs.