On January 27, Ethena Labs Research proposed that ENA token holders vote before next week's election to reduce the size of the risk committee from five voting members to three. Ethena Labs Research believes that reducing the number of members will facilitate a clearer division of labor, covering specific areas such as DeFi lending exposure, reserve funds and redemption requirements, protocol partner integration, and collateral assets.
Furthermore, the reduction in membership will allow the Ethena Foundation to increase member compensation, encouraging them to allocate more resources. If the proposal passes, ENA and sENA holders will elect three voting members, with Ethena Labs Research serving as an advisory member (non-voting member); if it fails, five members will still be elected as originally planned.
