關於Ethena Labs，Ethena協議，ENA令牌

Ethena Labs已在以太坊區塊鏈：Ethena協議上啟動了複雜的DEFI協議。

Ethena Labs has launched a unique DeFi protocol, Ethena Protocol, on the Ethereum blockchain. The protocol is focused on two primary digital assets: USDe, a synthetic dollar stablecoin pegged 1:1 to the US dollar, and ENA, the native governance token. Together, these tokens serve as the building blocks for a stable medium of exchange and a decentralized protocol that can evolve with community input.

Ethena Labs在以太坊區塊鏈上啟動了獨特的DEFI協議Ethena協議。該協議的重點是兩個主要的數字資產：USDE，一種合成美元的穩定股幣，將1：1固定在美元上，而本地治理令牌ENA。這些代幣共同充當穩定交換媒介的構件，以及可以隨著社區投入而發展的分散協議。

Ethena aims to provide a crypto-native, scalable, and censorship-resistant alternative to existing stablecoins and conventional banking systems. The goal is to democratize access to stable and transparent money for DeFi and CeFi participants, ultimately reducing financial exclusion and vulnerabilities linked to centralized intermediaries.

Ethena旨在為現有的Stablecoins和常規銀行系統提供加密本地，可擴展和審查的替代方案。目的是使對Defi和CEFI參與者獲得穩定和透明的資金的機會民主化，最終減少了與集中式中介機構有關的財務排斥和脆弱性。

This protocol’s concept is largely inspired by BitMEX founder Arthur Hayes’s “Luna Brothers, Inc.” blog post, which emerged during the collapse of Terra’s UST/LUNA in 2022. In this post, Hayes proposed a decentralized stablecoin model designed for an extremely volatile market. This idea served as the architectural blueprint for Ethena.

該協議的概念在很大程度上受到Bitmex創始人Arthur Hayes的“ Luna Brothers，Inc。”的啟發。博客文章是在2022年Terra的UST/LUNA崩潰期間出現的。這個想法是Ethena的建築藍圖。

First unveiled by Guy Young in July 2023, Ethena has quickly gained attention for its rapid growth.

埃塞納（Ethena）於2023年7月首次由蓋伊·楊（Guy Young）揭幕，以迅速增長而迅速引起人們的關注。

About ENA Token

關於ena令牌

ENA is the native governance token of the Ethena protocol, a decentralized protocol running on the Ethereum blockchain. It grants holders the right to vote on critical decisions regarding the protocol’s future.

ENA是Ethena協議的本地治理令牌，這是一種在以太坊區塊鏈上運行的分散協議。它授予持有人對協議未來的關鍵決定進行投票權。

This includes setting risk management frameworks, determining asset composition for the protocol’s treasury, and approving upcoming protocol upgrades.

這包括設置風險管理框架，確定協議財政部的資產組成以及批准即將進行的協議升級。

The total supply of ENA tokens is capped at 15 billion, with a circulating supply of approximately 6 billion ENA as of recent data. In addition to governance rights, ENA can be staked to earn protocol revenue, aligning the interests of token holders with the success of the Ethena ecosystem.

ENA代幣的總供應限制為150億，據最近數據循環約60億個ENA。除了治理權利外，還可以將ENA放在以賺取協議收入，使代幣持有人的利益與Ethena生態系統的成功保持一致。

ENA Token Information

一個令牌信息

Name: Ethena Token

名稱：ethena令牌

Ticker: ENA

股票：這個

Rank: 165

等級：165

Today’s Price: $0.6869

今天的價格：0.6869美元

24h Volume: $64,938,336

24h卷：$ 64,938,336

7d Change: 16.67%

7D變更：16.67％

All-Time High: $1.88

歷史最高高：$ 1.88

All-Time Low: $0.32

歷史最低點：$ 0.32

Last Updated: 2023-12-28 03:47

上次更新：2023-12-28 03:47

CoinGecko ranks 165, with a 24-hour trading volume of $64,938,336. It has risen by 15.54% in the past 24 hours.

Coingecko排名165，交易量為64,938,336美元。在過去的24小時內，它增長了15.54％。

Ethena’s Value Proposition in DeFi: USDe

Ethena在Defi中的價值主張：USDE

Ethena is making a unique contribution to DeFi with its novel stablecoin, USDe. A key aspect of USDe is its crypto-native solution for maintaining its peg, which uses a sophisticated delta-neutral hedging strategy within the crypto ecosystem. This aims to minimize any centralization risks and offers a truly independent digital dollar.

Ethena用其新穎的Stablecoin USDE為Defi做出了獨特的貢獻。 USDE的一個關鍵方面是其加密本地解決方案，用於維護其PEG，該解決方案在加密生態系統中使用了複雜的三角中心的對沖策略。這旨在最大程度地降低任何集中化風險，並提供真正獨立的數字美元。

Another differentiator is that USDe is designed to be a yield-generating asset. Holders of sUSDe, the liquid staking derivative of USDe, can earn attractive interest, which is organically derived from ETH staking rewards and derivatives market funding rates. This positions USDe as a high-yield savings account in the crypto sphere.

另一個區別是USD被設計為產生產生的資產。 USDE的液體含有衍生物Susde的持有人可以賺取有吸引力的利息，這是從ETH Staking Rewards和衍生品市場融資率中有機衍生的。這將USDE定位為加密球體中的高收益儲蓄帳戶。

Ethena’s design also prioritizes capital efficiency and scalability. USDe has a 1:1 collateral ratio for minting, making it more efficient than over-collateralized stablecoins and facilitating rapid scaling. Moreover, Ethena focuses on transparency and censorship resistance with on-chain verifiability of all protocol activities and regular Proof of Reserves reports.

Ethena的設計還優先考慮資本效率和可擴展性。 USDE具有1：1的造幣比率，使其比過度的穩定穩定劑具有更高的效率，並促進了快速縮放。此外，Ethena專注於所有協議活動的鏈驗證性和定期儲備證明報告的透明度和審查阻力。

Finally, USDe is highly composable, ensuring smooth integration with various DeFi and CeFi platforms, expanding its utility within the broader crypto ecosystem.

最後，USDE是高度組合的，可確保與各種Defi和CEFI平台的平穩集成，從而在更廣泛的加密生態系統中擴展了效用。