POPA ReconEthena Ends VC Unlocks and Puts ENA Buybacks to a Vote
Ethena Ends VC Unlocks and Puts ENA Buybacks to a Vote The Ethena Foundation announced four changes to the ENA ecosystem: it bought out early seed investors, eliminated future monthly VC unlocks, assigned all protocol value to the Foundation, and opened a governance vote on revenue buybacks. The buyout covered all locked tokens held by major seed investors who had sold any ENA over the past 9 months, while scrapping the monthly VC unlocks releases the remaining unvested investor overhang. All team tokens stay locked on their original vesting schedules. A Master Framework Agreement between t…
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