Ethena Foundation: Wintermute's "Enable ENA Fee Conversion" Proposal Approved by Risk Committee

BlockBeats News, November 16, the Ethena Foundation announced that the "Enable ENA Fee Conversion" proposal presented by Wintermute has been approved by the Risk Committee. The foundation will work with the Risk Committee to finalize the relevant parameters for fee switch activation by November 30, and the specific implementation mechanism will be announced thereafter.

BlockBeats previously reported that on November 7, Wintermute proposed the "ENA Fee Conversion" at the Ethena Governance Forum, suggesting approval for part of the protocol revenue to flow to sENA and providing clear parameters for future implementation. The proposal requests that the Ethena Risk Committee set revenue distribution conditions based on protocol maturity, such as USDe circulation and protocol revenue levels.