Ethena Proposes Sending All Net Revenue to ENA Buybacks

Crypto Insight Summary: A new framework assigns protocol IP and value accrual to the Ethena Foundation, while a live vote would use effectively 100% of net revenue for ENA purchases. Crypto Insight Analysis: Direction: Bullish ENA Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Revenue buybacks increase token scarcity, boosting short-term price.