$ENA’s fee-switch proposal needs USDe supply to grow another 63%. That’s $2.9B of additional supply before the first revenue-allocation tier becomes relevant. I’m more interested in what attracts that capital back than how far supply sits below its $14.8B peak. There’s a balancing act here: ◢ Yield helps attract and retain USDe demand ◢ Allocating part of protocol revenue to ENA buybacks gives the token an economic connection to that growth, while leaving less revenue for existing uses For me, the stronger signal would be supply rebuilding alongside competitive yields and enough income to support both. Can USDe sustain demand above $7.5B once ENA buybacks become another claim on the revenue?