ENA REPURCHASE PROPOSAL SUPPORTED 100%

On 27 August, the Ethena Foundation presented four ecosystem upgrades, one of which was a governance proposal to implement a cost-conversion that would buy back ENA tokens in a procedural manner, using the net income accumulated by all lines of business under the Ethena brand. The proposal shows that, once the first milestone has been reached (USDe ' s supply reached $7.5 billion, currently $4.06 billion), 95 per cent of net income from Ethena ' s business lines will be used for repurchase by ENA. A vote on the proposed conversion of the cost of the buy-back was initiated on 27 August and will end on 2 September. The results of the vote indicated that the proposal currently had 100 per cent support of 14 million votes, while the required number of votes passed was only 5 million. The 24-hour ENAC price, according to the line, touched 0.89, and the 24-hour increase was 25 per cent。