Ethena的ENA費用轉換：社區投票即將到來！

Ethena即將對ENA Fee Switch進行的社區投票可以重塑令牌的效用，從而有可能授予持有者直接訪問平台收入並影響更廣泛的Defi生態系統。

Yo, crypto fam! Get ready for a potentially major shift in the Ethena ecosystem. The buzz is all about the upcoming community vote on the ENA fee switch, a move that could redefine how the ENA token functions and rewards its holders.

喲，加密貨幣。為乙烯生態系統的可能重大轉變做好準備。嗡嗡聲是關於即將到來的ENA Fee Switch的社區投票，此舉可以重新定義ENA令牌如何運作並獎勵其持有人。

What's the Deal with the ENA Fee Switch?

ENA費用開關有什麼關係？

Ethena Foundation is gearing up to put the proposed fee switch to a community vote. If approved, this switch, initially suggested by Wintermute, would redirect a portion of the protocol's fees to ENA holders. This is happening because the Risk Committee has confirmed that the key metrics have been met.

Ethena Foundation正在準備將擬議的費用轉換為社區投票。如果獲得批准，此轉換最初由Wintermute提出，將將協議費用的一部分重新定向到ENA持有人。之所以發生這種情況，是因為風險委員會已經確認已經滿足了關鍵指標。

These metrics included a USDe circulating supply exceeding $6 billion, cumulative protocol revenue surpassing $250 million, and USDe integration on four of the top five centralized exchanges ranked by derivatives volume. USDe, by the way, is killing it with a market cap nearing $14 billion, making it the third-largest stablecoin behind the big dogs, USDC and USDT.

這些指標包括超過60億美元的USD循環供應，累計協議收入超過2.5億美元，以及在衍生工具量排名的前五名集中式交易所中的四項集成。順便說一句，USD正在以接近140億美元的市值殺死它，這使其成為大狗，USDC和USDT之後的第三大Stablecoin。

Why Should You Care?

你為什麼要關心？

This vote is a biggie. Supporters believe the fee switch could strengthen long-term engagement and add a new dimension to ENA's utility. Holders might gain direct access to revenue generated by the platform, aligning the protocol's growth with community incentives. Imagine getting a piece of the pie just for holding ENA!

這次投票是一場大事。支持者認為，費用轉換可以加強長期參與度，並為ENA的公用事業增添新的維度。持有人可能可以直接獲得該平台產生的收入，從而使協議的增長與社區激勵措施保持一致。想像一下，要拿著一塊餡餅，只是為了拿著ena！

The Risk Committee is still ironing out the final governance details, promising full transparency before the community votes. This move could set a precedent for future upgrades and revenue models across the entire DeFi landscape.

風險委員會仍在淘汰最終的治理細節，並承諾在社區投票之前具有完全透明度。此舉可能為整個Defi景觀的未來升級和收入模型樹立先例。

ENA's Performance: Up and to the Right

ENA的表現：向上和向右

Speaking of ENA, it's been on a tear. The token is up over 226% in the last year, trading around $0.70. While it's still below its all-time high, its market cap reached a new peak recently, hitting $5.6 billion. Token unlocks explain the difference between market cap and price performance.

說到埃納，它一直流淚。去年，令牌上漲了226％以上，交易約為0.70美元。雖然它仍低於其歷史最高水平，但其市值最近達到了一個新的高峰，達到56億美元。令牌解鎖解釋了市值和價格績效之間的差異。

My Two Sats

我的兩個坐著

The ENA fee switch is a brilliant move. By giving ENA holders a direct stake in the protocol's success, Ethena is fostering a stronger, more invested community. It's like owning a piece of the company – the more it thrives, the more you benefit. It will be interesting to see the vote turnout and final results.

ENA費用開關是一個絕妙的舉動。通過為ENA持有人提供直接的協議成功股份，Ethena正在培養一個更強大，更投資的社區。這就像擁有公司的一部分一樣 - 越多，您就越受益。看到投票投票和最終結果將很有趣。

What’s Next?

接下來是什麼？

Keep an eye out for the official proposal and make sure your voice is heard when the vote goes live. This is your chance to shape the future of Ethena and potentially set a new standard for community governance in DeFi.

請留意官方建議，並確保在投票上線時聽到您的聲音。這是您塑造Ethena未來的機會，並有可能為Defi的社區治理樹立新標準。

So, there you have it! Get ready to vote and potentially earn some sweet rewards. This is the kind of stuff that makes crypto exciting. Later!

所以，你有！準備投票並有可能獲得一些甜蜜的回報。這是使加密貨幣令人興奮的東西。之後！