Ethena Fee Switch Activation: What You Need to Know
Ethena’s $USDe supply has seen a significant 42% increase in the last month, reaching a record high of $12.43B, accompanied by a milestone in August with revenues hitting $61M.
Key Conditions for Fee Switch Activation
The fee switch activation is imminent as two out of three conditions have already been met:
- $USDe supply surpassing $6B
- Protocol revenue exceeding $250M
- Final requirement: $USDe integration on 4 out of the top 5 derivatives exchanges
Unlocking Value for $ENA Holders
Once the fee switch is triggered, $ENA holders will have the opportunity to participate in sharing protocol revenues, marking a significant transition from a growth-oriented approach to value accrual.
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