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Tuesday, October 13, 2026
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Ethena v2 Returns $210M in Oversubscribed Funds Rather Than Raising Cap
Mar 25, 2026

Ethena v2 Returns $210M in Oversubscribed Funds Rather Than Raising Cap

The team's decision to refund rather than accept an expanded raise has been met with praise from long-time holders and mild irritation from market-making desks.

Priya Shankar