The Ethena Foundation announced four major adjustments to the ecosystem: repurchasing ENA and canceling monthly VC unlocks

According to official news, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including repurchasing locked tokens held by early investors, further aligning the value of tokens with equity, launching a governance proposal for income to repurchase ENA, and canceling future monthly unlocks for VC investors.

The Ethena Foundation stated that it has completed the acquisition of all locked ENA tokens from some major seed round investors who had sold ENA in the past 9 months. Regarding the alignment of token and equity value, the Ethena Foundation and Ethena Labs have reached a "Master Framework Agreement," which stipulates that the intellectual property and value generated by the agreement will exclusively belong to the foundation and be governed by ENA holders, while equity investors in Labs entities will no longer enjoy residual cash flow.

In addition, the governance proposal for income to repurchase ENA has been launched. According to the proposal, the net income generated by all business lines under the Ethena brand will be used for programmatic repurchase of ENA, and the proposal has been approved by the Risk Committee. The Ethena Foundation also stated that it has reached an agreement with major investors to eliminate the selling pressure caused by future monthly unlocks for VC investors by releasing unallocated tokens. Team tokens will still remain locked according to the original allocation plan.