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Ethena’s 95% Buyback Plan Has One Problem: The Trigger Sits 50% Above Where USDe Is Now

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Ethena proposes routing 95% of net revenue into ENA buybacks, but the first milestone starts at $7.5 billion USDe supply. Current supply is under $5 billion.

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Ethena’s 95% Buyback Plan Has One Problem: The Trigger Sits 50% Above Where USDe Is Now

Blockchain Reporter 1h ago

Ethena’s 95% Buyback Plan Has One Problem: The Trigger Sits 50% Above Where USDe Is Now

Ethena proposes routing 95% of net revenue into ENA buybacks, but the first milestone starts at $7.5 billion USDe supply. Current supply is under $5 billion.