ETHENA LABS IS NOW A TOP 5 DEFI PROTOCOL BY TVL, EARNING $300M+ IN REVENUE

Summary from the TLDR Crypto newsletter

Ethena Labs has become a top 5 DeFi protocol by TVL, generating over $300M in revenue, leading to the approval of a fee switch proposal by its Risk Committee. The activation of this fee switch depends on meeting key success and risk metrics, ensuring sustainable revenue distribution to ENA stakers.