Ethena to end all USDe growth-related token incentives at month-end

Ethena said it will fully end token incentive payouts tied to the growth of its USDe stablecoin at the end of this month. The move means inflation linked to new token issuance for USDe-related incentives is also set to disappear. According to Ethena, token incentives related to USDe growth have fallen by about 85% since the first airdrop in 2024 through this year.