The Athena Foundation has agreed to Wintermute’s proposal that a portion of the decentralized finance (DeFi) protocol’s revenues be shared with token holders. Wintermute is a crypto market maker that proposed on November 6 to distribute a portion of Athena’s fee income among stakers of ENA, Athena’s native token.
This decision has led to an increase in the outstanding stock of Athena USDe, a stablecoin launched in February. Athena has generated a significant amount of real income, and ENA staking will now benefit from the protocol’s income, providing a clear value enhancement mechanism for ENA holders. On October 25, Wintermute began accepting USDe as collateral for spot crypto and derivatives transactions, adding to the list of accepted crypto hedges.