Ethena Foundation has announced the confirmation of meeting the conditions for activating the ENA Fee Switch after the audit, which could impact token holders.
Confirmation of Activation Parameters
Ethena Foundation confirmed that the parameters for activating the ENA Fee Switch have been met according to the criteria set by its Risk Committee. Activation will proceed after a final governance review and community vote involving ENA tokenholders.
Market Impact and Token Holders
The activation of the switch may influence the market as it could unlock funds for buybacks, affecting the price of ENA. The final structure will be determined through governance voting.
Community Involvement and Next Steps
Community involvement is a critical aspect of this process, focusing on governance transparency, facilitated through announcements on Ethena’s official social media channels. The committee is working on implementation details which will be shared publicly before ENA holders are asked to vote on the framework.
The confirmation of parameters for the activation of the ENA Fee Switch marks an important step for the Ethena Foundation and its community, offering potential for revenue redistribution and market impact.
