Ethena Foundation Announces Four Ecological Adjustments, Repurchases ENA and Cancels Monthly VC Unlocking

The Ethena Foundation has announced four adjustments to the Ethena ecosystem, including repurchasing locked tokens held by early investors, aligning token value with equity value, initiating a governance proposal for income to repurchase ENA, and canceling future monthly unlocks for VC investors. The Ethena Foundation has completed the acquisition of all locked ENA tokens from some major seed round investors who sold ENA in the past nine months. The Ethena Foundation has reached a "Master Framework Agreement" with Ethena Labs, stipulating 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 the Labs entity will no longer enjoy residual cash flow. In addition, the governance proposal for income to repurchase ENA has been launched, and the net income generated by all business lines under the Ethena brand will be used for programmatic repurchases of ENA, which has been approved by the Risk Committee. The Ethena Foundation has also reached an agreement with major investors to eliminate the selling pressure from future monthly unlocks for VC investors by releasing unallocated tokens. Team tokens will remain locked according to the original allocation plan.