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How Ethena Fee Switch Could Shake Up DeFi

Crypto investors are clamoring to turn on fee switches for top tokens like ENA.
How Ethena Fee Switch Could Shake Up DeFi
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With hopes that the return of Donald Trump to the White House will lead to clearer legal frameworks and a friendlier regulatory climate for crypto, investors are looking into DeFi tokens like UNI that could soon "turn on" their fee switch, basically allowing token holders to start accruing returns just by holding the token.

Perhaps the most buzzy protocol triggering this interest is Ethena. The occasionally controversial growth monster has been making waves in the stablecoin space, and holders of its ENA token could see significant returns from stablecoin yields.

Let's take a deeper look at what Ethena is up to and why its community is considering this move for ENA. 👇

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Kazu Umemoto

Written by Kazu Umemoto

136 Articles View all      

Kazu Umemoto is an analyst and has been with Bankless since October 2024. Previously worked at an accounting firm doing tech auditing. He graduated from the University of Oregon with a degree in finance and a minor in computer science.

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