The 20% Shadow: How StablecoinX's ENA Hoard Exposes a Governance Fault Line in Ethena's Synthetic Dollar Empire
The assumption is that Ethena's governance token, ENA, is a decentralized...
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|---|---|---|
|
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|
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|
ETH
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|
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|
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|
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|
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Greed
Market Sentiment
Team and early investor shares released
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Circulating supply increases by about 2%
92 million ARB released
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Block reward halving event
Bitcoin Season
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The assumption is that Ethena's governance token, ENA, is a decentralized...