idt thats true though



doesnt ethena just not have the fee switch on yet, and are considering turning it on?

its not like theres some equity taking the cashflows, they've just been letting it all flow through to the usde + insurance to date to grow
ENA-6.87%
NOT-4.57%
FLOW-4.06%
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OnChainDetectivevip
· 21h ago
interesting pattern... running the numbers on their tx history suggests less than 4% effective fee capture even with max settings
Reply0
MidnightGenesisvip
· 21h ago
From a code perspective, the fee switch has been embedded.
View OriginalReply0
GasFeeVictimvip
· 21h ago
It seems that ethena is holding the switch.
View OriginalReply0
GateUser-a606bf0cvip
· 21h ago
Waiting to profit from ethena and then Rug Pull.
View OriginalReply0
HodlTheDoorvip
· 21h ago
When will this thing start charging?
View OriginalReply0
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