Odaily Planet News: Ethena Labs Research has proposed that ENA token holders vote to reduce the number of voting members on the Risk Committee from 5 to 3 before the election next week. Ethena Labs Research believes that reducing the number of members will help clarify responsibilities and better cover specific areas such as DeFi lending exposure, reserve funds and redemption requirements, protocol partner integrations, and collateral assets. Additionally, reducing the number of members will allow the Ethena Foundation to increase member compensation and encourage more resource investment. If the proposal is approved, ENA and sENA holders will elect 3 voting members, with Ethena Labs Research serving as a non-voting advisory member. If the proposal is not approved, the original plan to elect 5 members will remain in place.
Ethena Proposes Reducing Risk Committee Members from 5 to 3
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Summary
Ethena has proposed a protocol update to reduce the risk committee's voting members from 5 to 3 ahead of next week's election. The change aims to sharpen the focus on key areas such as DeFi lending exposure, reserve funds, and redemption rules. A smaller group could enhance efficiency and resource allocation. If passed, ENA and sENA holders will elect three members, with Ethena Labs Research serving as a non-voting advisor. If the proposal fails, the original plan for a five-member committee will remain in place. This adjustment may help prevent risks similar to those seen in past DeFi exploits.
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