The Ethena Foundation launches four ecological adjustments: early lockdown of repurchase ENA cancels monthly unlocking of VC

On August 27, the EthenaFoundation announced four key adjustments to the Ethena ecosystem: repurchase of early investors to lock in tokens, promote the alignment of tokens with equity value, initiate agreement revenue repurchase ENA governance proposal, and cancel the monthly token unlock for future VC investors. The Foundation has completed the acquisition of ENA tokens by some major seed round investors, who have sold ENA in the past nine months. At the level of token-equity alignment, the Foundation and EthenaLabs signed a "Master Framework Agreement". The intellectual property rights and all value generated by the agreement belong to the Foundation, and the ENA holders exercise governance rights;EthenaLabs equity investors no longer enjoy the remaining cash flow benefits of the agreement. The revenue repurchase ENA governance proposal is now online. With the approval of the Risk Committee, net income generated by Erena's entire business line will be used to programmatically repurchase ENA tokens. At the same time, the foundation reached an agreement with core investors to write off the unused tokens, completely eliminating the market selling pressure caused by subsequent monthly unlocking of VC; the team tokens remain locked unchanged in the original unlocking plan.