Monday, June 2, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Wintermute proposes fee switch for fair revenue sharing in Ethena protocol

November 7, 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on TwitterShare on E Mail


The Ethena group is presently reviewing a proposal from crypto market maker Wintermute to activate a payment swap throughout the protocol.

Within the Nov. 6 proposal, Wintermute highlighted the dearth of readability relating to the income distribution for Ethena’s ENA token. The market maker famous that no clear framework exists explaining how ENA holders would possibly profit from the protocol’s earnings or if any plans exist to allocate a portion of income to those holders.

Wintermute emphasised that Ethena Protocol has established vital, actual income, signaling product-market match for USDe—its artificial greenback stablecoin—which boasts over $2.8 billion in market capitalization. This achievement, Wintermute argues, means that sENA token holders ought to have the chance to profit from the protocol’s development.

Proposal overview

Wintermute’s proposal advises that Ethena’s Danger Committee contemplate allocating among the protocol’s income to the staked model of the ENA token, sENA. Nonetheless, the proposal didn’t present particular particulars on allocating the income.

As an alternative, Wintermute’s proposal urges the committee to create a framework detailing the benchmarks Ethena should meet earlier than enabling income distribution. Instructed standards for these benchmarks embody metrics just like the circulating provide of USDe, the protocol’s common income ranges, the unfold between USDe’s annual share yield (APY) and market charges, and the adoption of USDe on main distribution platforms, resembling centralized exchanges.

As well as, Wintermute’s proposal requires a extra exact clarification of Ethena’s present income distribution mannequin. This request is pushed by issues over “dual-class” constructions within the crypto trade, the place advantages for fairness holders might battle with the pursuits of token holders or the protocol itself.

The proposal seeks to find out whether or not such a construction exists inside Ethena and whether or not the protocol’s income has been reserved solely for growth.

Given the numerous influence this modification may have on Ethena’s ecosystem, the proposal will have to be authorized by a group vote.

Talked about on this article

Posted In: Ethereum, Stablecoins



Source link

Tags: EthenaFairFeeProposesprotocolrevenuesharingSwitchWintermute
Previous Post

How to Buy Bitcoin: A Comprehensive Guide for Beginners

Next Post

Solana-Based Memecoin That’s Exploded Over 10x in Under Two Months ‘Looks Appealing,’ Says Top Crypto Trader

Related Posts

Is Ethereum Price Gearing Up For A Monster Rally? ETH Up 80% The Last Time This Happened
Ethereum

Is Ethereum Price Gearing Up For A Monster Rally? ETH Up 80% The Last Time This Happened

June 2, 2025
Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?
Ethereum

Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?

June 2, 2025
How smart EOAs are redefining the wallet experience
Ethereum

How smart EOAs are redefining the wallet experience

June 1, 2025
Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead
Ethereum

Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead

May 31, 2025
Sui community approves release of $162M in tokens frozen during Cetus hack
Ethereum

Sui community approves release of $162M in tokens frozen during Cetus hack

May 31, 2025
Ethereum’s Path To $10,000 Milestone Hinges On Flipping This Level Into Support
Ethereum

Ethereum’s Path To $10,000 Milestone Hinges On Flipping This Level Into Support

May 30, 2025
Next Post
Solana-Based Memecoin That’s Exploded Over 10x in Under Two Months ‘Looks Appealing,’ Says Top Crypto Trader

Solana-Based Memecoin That’s Exploded Over 10x in Under Two Months ‘Looks Appealing,’ Says Top Crypto Trader

Solv Protocol Enhances Bitcoin Utility with New Reserve Classifications and Multichain Expansion

Solv Protocol Enhances Bitcoin Utility with New Reserve Classifications and Multichain Expansion

Nvidia Replaces Intel in the Dow – What It Means for Investors

Nvidia Replaces Intel in the Dow – What It Means for Investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In