Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Ethena Labs Revamps ENA Tokenomics, Introduces Forced Vesting

Ethena Labs Revamps ENA Tokenomics, Introduces Forced Vesting


CoinGape
2024-06-17 22:43:57

Ethena Labs has announced restructuring its tokenomics model for the ENA token, implementing mandatory vesting conditions to promote long-term holding among its recipients. This change affects all users receiving ENA, particularly from initiatives like the Shard Campaign, compelling them to lock at least 50% of their tokens using one of three designated methods. This strategy The post Ethena Labs Revamps ENA Tokenomics, Introduces Forced Vesting appeared first on CoinGape .


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.