Ethena governance approves fee switch and Binance collateral integration
CIE News ·
Ethena approved an on-chain fee switch to fund ENA buybacks and partnered with Binance to back USDe with tokenized equities, sending ENA up 3.30%.
Synthetic dollar protocol Ethena approved an on-chain governance proposal on October 4, 2026, to activate a fee switch that allocates protocol revenues to open-market ENA buybacks. The protocol also finalized an integration with Binance to expand the collateral backing its synthetic dollar, USDe, to include tokenized equity trades called bStocks and equity perpetual basis trades. Following the governance vote and integration, the Ethena governance token, ENA, rose 3.30%.