Wintermute proposes conversion fee for sENA holders of Ethena
Cryptocurrency market maker Wintermute on Wednesday released a new governance proposal that calls for a portion of Ethena's revenue to be allocated to ENA-related projects, while also clarifying Ethena's past and future revenue distribution.
The proposal does not offer specifics, such as income distribution ratios or fee conversion mechanisms. Instead, Wintermute asks Ethena to consider the "best form" of fee conversion to cope with the growing supply of dollars against the euro and the competitiveness of dollar-euro yields.