Wintermute has received approval to update Ethena’s revenue sharing model, benefiting sENA stakeholders. The changes are set to be implemented by the end of November, aiming to better align the financial outcomes of the protocol with its governance token holders.
Wintermute’s proposal highlights the need for a direct connection between revenue growth and sENA holders. The updated model will allocate a portion of Ethena’s revenue to enhance the utility and value of staked governance tokens, ensuring that future earnings solely benefit the protocol.
Moreover, the foundation is committed to transparency in revenue allocations and governance processes, with all earnings remaining under community governance through ENA and sENA voting structures. The collaboration with the risk committee to finalize the new revenue-sharing model is underway, with activation parameters expected to be ready by November 30.
Major industry players like Binance Labs, Fidelity Investments, Dragonfly, and Wintermute have shown support for Ethena’s ecosystem. This development aims to strengthen the relationship between governance token holders and the protocol’s overall performance, setting a precedent for stakeholder alignment and revenue transparency in governance protocols.