The Ethena Foundation is getting ready to propose a significant change to its ecosystem: a “fee switch” that would allow ENA token holders to directly receive a portion of the revenue generated by the platform.
The foundation’s Risk Committee has met the necessary requirements to move this proposal forward. Their next step is to finalize the details of how the fee switch will be structured. Once the plan is complete, it will be made public and put to a community-wide vote. This means that ENA holders will have the final say on whether the system is activated.
This update is a highly anticipated event within the DeFi community. If approved, it is expected to strengthen the connection between the protocol’s growth and the incentives for its community members. Supporters believe this change will boost long-term engagement and add significant new utility to the ENA token. The Ethena Foundation has emphasized its commitment to transparency throughout the entire process, ensuring all details are available for review before the community votes.
September 2025, Cryptoniteuae
