BlockBeats News: On November 16th, the Ethena Foundation announced that Wintermute's proposal to "enable ENA fee conversion" has been approved by the Risk Committee. The foundation will collaborate with the risk committee to finalize the relevant parameters for activating the cost switch before November 30th, and the specific implementation mechanism will be announced later.
BlockBeats previously reported that on November 7th, Wintermute proposed a "ENA fee conversion" proposal at the Ethena Governance Forum, suggesting approval of some protocol revenue flows to sENA and providing clear parameters for future implementation. The proposal requires the Ethena Risk Committee to set income distribution conditions for the maturity of the agreement, such as USDe liquidity and agreement revenue levels.
