Ethena proposes to reduce the Risk Committee membership from 5 to 3 members

2 hours ago

On January 27th, Ethena Labs Research proposed that ENA token holders vote to reduce the Risk Committee’s size from 5 voting members to 3 ahead of next week’s election. The firm argues the smaller committee will clarify responsibilities, with members focusing on specific areas: DeFi lending exposure, reserve funds and redemption requirements, protocol partner integration, and collateral assets. Additionally, the reduced size will let the Ethena Foundation increase member compensation, incentivizing greater time and resources dedicated to the committee. If the proposal passes, ENA and sENA holders will elect 3 voting members, with Ethena Labs Research serving as a non-voting advisor. If it fails, the original plan to elect 5 members will move forward.

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