BlockBeats news reported that Wintermute proposed an “ENA fee conversion” proposal at the Ethena Governance Forum. They suggested that a portion of the protocol revenue should be redirected to sENA and outlined clear guidelines for future implementation. This proposal depends on the Ethena Risk Committee setting income distribution conditions, such as USDe circulation and protocol income levels.
Furthermore, Wintermute urged the Ethena Foundation to reveal the historical and future distribution of protocol revenue to maintain transparency and align with ENA/sENA holder interests.
