Ethena基金会宣布生态系统四项重大调整：回购ENA并取消月度VC解锁

According to official announcements, the Ethena Foundation has unveiled four adjustments to the Ethena ecosystem: repurchasing locked tokens held by early investors, further aligning the token’s value with equity, launching a governance proposal for revenue-based ENA repurchases, and canceling future monthly unlocks for venture capital (VC) investors. The foundation stated that it has completed the acquisition of all locked ENA tokens from key seed round investors, who had sold ENA over the past nine months. Regarding token-equity alignment, the Ethena Foundation and Ethena Labs have signed a Master Framework Agreement, which specifies that all intellectual property and value generated under the agreement will exclusively belong to the foundation, governed by ENA token holders, while equity investors in the Labs entity will no longer be entitled to residual cash flows. Additionally, the governance proposal for revenue-based ENA repurchases is now live. Under the proposal, net income from all business lines under the Ethena brand will be used for programmatic ENA repurchases, and the proposal has already been approved by the Risk Committee. The Ethena Foundation also noted that it has reached an agreement with key investors to eliminate sell pressure from future monthly VC token unlocks by releasing unvested tokens. Team tokens will remain locked in accordance with the original vesting schedule.