Ethena Votes on Fee Switch Amid Market Shifts

Ethena, a cryptocurrency project, has put its fee switch to a vote. The proposal links ENA buybacks to USDe growth, allowing the protocol to adjust fees based on market conditions.

The move comes as CME Group launched three US dollar reference rates and a real-time index for the ENA token, calculated daily by CF Benchmarks.

Ethena has also partnered with FalconX on a $1B secured lending facility to deploy USDe backing assets into institutional credit.