Ethena Foundation: Plans to end monthly unlock for investors, 95% of net income will be used to repurchase ENA after USDe reaches the milestone

According to Crowdfund Insider, the Ethena Foundation has announced a series of adjustments to reduce the selling pressure caused by early investors unlocking their tokens. The foundation has repurchased some of the remaining locked ENA from large seed round investors through over-the-counter transactions and has agreed with major investors to end the remaining vesting arrangements early.

Starting from October 5, there will be no investor tokens under lock-up, while team tokens will maintain the original lock-up and vesting terms.