[Ethena Fee Switch Proposal Unanimously Approved, ENA to Initiate Programmatic Buyback] According to Deep Tide TechFlow, on September 4, the Ethena Foundation announced that the fee switch vote has been approved with a 100% approval rate. The related milestones have now been activated, and as various metrics and phased goals are achieved, the protocol will initiate and gradually expand the programmatic buyback of ENA. Previously, the Ethena Foundation disclosed four ecosystem updates, stating that it has repurchased a portion of ENA locked by early investors; Ethena Labs has transferred the protocol's intellectual property and value ownership to the foundation, to be governed by token holders; a governance proposal has been initiated to use the net income from Ethena's business lines for programmatic buybacks of ENA via the fee switch; meanwhile, the foundation and major investors have agreed to release unvested tokens to eliminate potential selling pressure from monthly VC unlocks in the future, while team tokens remain locked according to the original vesting schedule.