🗳️ Ethena Governance Update: Leaner Committee, Sharper Focus?
Ethena Labs Research has put forward a new governance proposal that could reshape how risk is managed across the Ethena ecosystem.
📌 What’s being proposed? A vote next week will ask ENA token holders whether to reduce the Risk Committee from 5 voting members to 3 ahead of the upcoming election.
🔍 Why the change? Ethena Labs Research believes a smaller committee will:
Create a clearer division of responsibilities
Improve oversight across key areas like:
DeFi lending exposure
Reserve funds & redemption requirements
Protocol partner integrations
Collateral asset management
Allow the Ethena Foundation to increase compensation, incentivizing members to dedicate more time and expertise
🧠 How governance would work:
✅ If approved:
ENA and sENA holders elect 3 voting members
Ethena Labs Research acts as a non-voting advisor
❌ If rejected:
The committee remains at 5 voting members, as originally planned
👀 Why it matters: This vote could define how efficiently Ethena navigates risk in a rapidly evolving DeFi landscape. Fewer voices, but potentially stronger accountability and focus.
💬 Will a leaner structure strengthen Ethena’s risk management, or does diversity of voices matter more?
The decision is now in the hands of the community.
DYOR No Financial advice!
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