Wintermute proposes a conversion fee for Ethena's sENA holders

Cryptocurrency market maker Wintermute released a new governance proposal on Wednesday, requesting that part of the revenue from the Ethena protocol be distributed to projects related to ENA, while clarifying the past and future income distribution of the Ethena protocol. The proposal did not provide specific details, such as income distribution ratios or fee conversion mechanisms. Instead, Wintermute asked Ethena to consider the "best form" of fee conversion in response to the growing supply of US dollars against euros and competitiveness of USD/EUR yield rates.