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Ethena

Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money, achieved by delta-hedging ETH and BTC collateral.

ProtocolEthereumENA
Active87out of 100

as of 2 September 2026

Verdict

Active: proposals are being made and decided, participation holds up, and the treasury is not resting on a single asset.

Key figures

Total treasury
—
Held in own token
—
Proposals (90 days)
2
Snapshot · 2 Sept 2026
Proposals reaching quorum
100%
Snapshot · 2 Sept 2026
Distinct voters
166
Snapshot · 2 Sept 2026
Days since last decision
5
Snapshot · 2 Sept 2026

Health breakdown

Activity

30% of the score73

Activity is steady: 2 proposals in the last 90 days, against 4 over the year.

Snapshot

Participation

30% of the score100

The typical proposal cleared its quorum, and 100% of recent proposals reached it.

Snapshot

Treasury diversification

20% of the scoreExcluded from the score

This sub-score could not be computed, so the remaining weights were adjusted to add up to 100%.

Vote decentralization

20% of the scoreExcluded from the score

This sub-score could not be computed, so the remaining weights were adjusted to add up to 100%.

Snapshot

What moved the score

  • Participation100
  • Activity73
  • No treasury has been found for this organization.

What changed

Nothing has changed in the last 30 days.

Treasury

No treasury has been found for this organization. Its score is computed from governance alone.

Governance activity

Proposals per month

Text version of this chart
Proposals per month
2026-011
2026-021
2026-082

Health score over the last year

Text version of this chart
Health score over the last year
DateValue
1 Sept 202687
2 Sept 202687

Recent proposals

  1. ENA Fee Switch

    27 Aug 2026
    Off-chain voteOpenProposals reaching quorum: 100%View the original

  2. Ethena Risk Committee Elections - Fifth Term

    3 Aug 2026
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  3. Ethena Risk Committee Elections - Fourth Term

    3 Feb 2026
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  4. Proposal: Reduction of Risk Committee members from 5 to 3

    28 Jan 2026
    Off-chain voteClosedProposals reaching quorum: 100%View the original

Participation and power

Top voters in recent votes

  1. 10x590F…837022%
  2. 20x63F4…b64111%
  3. 30xB4fb…59c19.7%
  4. 40xca1c…faF76.0%
  5. 50xe009…b6165.9%
  6. 60x6914…f8E15.5%
  7. 70x961f…2Fd05.3%
  8. 80x43fC…5d125.3%
  9. 90xd359…82DC4.3%
  10. 100x9E27…0bc53.9%

Addresses are shown as the source publishes them. daohaus.com makes no attempt to identify the people behind them.

Snapshot · 2 Sept 2026

Sources and verification

Every figure on this page was read from one of these. Each row links to the page a person can check.

SourceReadWhen
SnapshotProposals and votes2 Sept 2026, 03:21 UTC
SnapshotVoting power by address2 Sept 2026, 03:21 UTC

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