Wintermute proposes conversion fees for Ethena’s sENA holders
Wintermute, a cryptocurrency market maker, released a new governance proposal on Wednesday, which requires the distribution of a portion of Ethena Protocol's revenue to projects related to ENA, while clarifying the past and future revenue distribution of the Ethena Protocol. The proposal did not specify details such as revenue distribution ratios or fee conversion mechanisms. Instead, Wintermute requested that Ethena consider the "best form" of fee conversion to address the growing supply of US dollars to euros and the competitiveness of US dollar to euro yields.
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