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![dcfgod Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1350996311777161219.png) DCF GOD [@dcfgod](/creator/twitter/dcfgod) on x 98.6K followers
Created: 2025-07-21 16:23:50 UTC

Some takes on this new $ENA treasury vehicle:

- Obv good for ena price. They’re going to be market buying $5m/day starting now for X weeks. 

- unlike other buybacks, when they end, the party doesn’t end because the vehicle still has to go live and can suck in capital in lots of ways. 

- USDE is an amazing ticker and stablecoin x is a great name. Weird for the other vehicles like the eth and hyperliquid ones to be named after gaming / bio companies. 

- tradfi has X ability to bid the stablecoin narrative and has instead sent circle to unreasonable valuations… if they catch on here it could do quite well

- Ethena has plenty of stuff waiting to launch… coupled with X% of the circ supply being erased in the coming weeks, it could do well. They still need to activate the fee switch, ethereal hasn’t launched, and funding rates are ripping. 

- Compared to the other tokens being strategically accumulated by these tradfi cos, ENA is low cap. Very interested to see what happens when it’s trading. If there’s a premium, how much of it can be captured, etc. 

Note: dcf cap seeded ethena


XXXXXXX engagements

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**Related Topics**
[coins stablecoin](/topic/coins-stablecoin)
[ticker](/topic/ticker)
[$5mday](/topic/$5mday)
[ena](/topic/ena)
[$ena](/topic/$ena)
[coins defi](/topic/coins-defi)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/dcfgod/status/1947331696774549635)