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Ethena

post-tge

Ethena is in post-TGE operations with protocol governance now active: the Fee Switch vote passed and programmatic ENA buybacks have been activated. Recent updates also show product expansion with a new Avalanche app, while Season 6 rewards and related drops were previously expected around June 19.

Next action: Watch for the Season 6 rewards claim opening and any follow-up announcements on buybacks or reward distribution.

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Tracking since 3 months ago

News (3)

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governance

Ethena's Fee Switch vote passed with 100% support. The protocol has now activated programmatic buybacks for ENA, with buybacks expected to scale as performance improves.

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Ethena launched a financial app on Avalanche. The app offers up to 6% on USD balances, up to 5% cashback, a Visa Platinum card, and deposits for USDe, USDC, and USDT across 8 networks.

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Jun 19, 2026

Ethena is expected to distribute Season 6 rewards today, with claim opening announced soon. The same update also mentions the HyENA drop and a small bonus for Ethereal farmers.

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