Ethena Labs Proposes Reducing Risk Committee Members from Five to Three
- Proposal Background: Ethena Labs Research has submitted a proposal to reduce the Risk Committee members from five to three, aiming to enhance productivity and operational efficiency by allowing each member to focus on specific areas, thereby increasing accountability and engagement.
- Defined Responsibilities: Under the new structure, three members will oversee distinct areas such as Ethena's DeFi lending exposure, reserve fund and redemption requirements, and protocol/partner integrations, ensuring no tasks are overlooked and improving overall efficiency.
- Expected Compensation Increase: Proponents believe that a smaller team will enable the Ethena Foundation to significantly increase member compensation, which is anticipated to encourage members to dedicate more time and resources to governance and risk management, fostering team development and public resource creation.
- Voting Mechanism Change: The proposal requires a majority vote from ENA and sENA holders to pass; if successful, the committee will elect three members under the new format, while failure to pass will result in the continuation of the current five-member election process.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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