💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
Ethena is nearing the activation of the "fee switch" for the ENA token, promising to change the DeFi game.
Ethena Foundation has confirmed that it has completed the necessary conditions to activate the "fee switch" mechanism for the ENA token – a turning point that could change the distribution of benefits between the project and the community.
According to the announcement, the Risk Committee of Ethena is discussing the detailed implementation plan before putting it to a vote for the ENA holding community. This mechanism, if activated, will allow a portion of the protocol fees to be distributed directly to investors, creating long-term incentives and potential value appreciation for ENA.
Ethena's move is compared to Uniswap in the past, when just mentioning the fee switch caused the price of UNI to surge strongly due to expectations of new capital inflow. In the context of Bitcoin and altcoin recovery, Ethena could become a new focal point in the DeFi market.
However, retail investors remain cautious, emphasizing that all decisions must ensure transparency and strict risk management to avoid management loopholes.