Ethena recaps August: EthenaPay launch and token buyout news

Ethena published a monthly recap of its August activity, highlighting the EthenaPay neobank launch and a major ecosystem update from the Ethena Foundation. The Foundation's update involves a buyout of certain seed investors' locked tokens and the unlock of additional VC tokens to ease future unlock overhang on the token supply.

The recap frames the moves as part of Ethena's broader push around its stablecoin infrastructure. Ethena linked a fuller write-up of the Foundation's token adjustments for details.