Ethena Labs 更新 ENA 加密貨幣代幣的代幣經濟學模型

Ethena Labs 宣布更新其 ENA 加密貨幣代幣的代幣經濟學模型，目標是鼓勵長期投資而不是短期交易和銷售。

To encourage long-term investing in its ENA cryptocurrency token and discourage short-term trading and selling, Ethena Labs has announced an update to its tokenomics model.

為了鼓勵長期投資其 ENA 加密貨幣代幣並阻止短期交易和銷售，Ethena Labs 宣布更新其代幣經濟學模型。

Anyone receiving new ENA tokens must now lock up at least 50% for an extended period of time, including users who received ENA from promotions such as the recent Shard Campaign airdrop.

任何收到新 ENA 代幣的人現在都必須在較長時間內鎖定至少 50%，包括透過最近的分片活動空投等促銷活動收到 ENA 的用戶。

According to the announcement, ENA holders can lock their tokens in three approved ways: Ethena’s own locking system, lending pools on Pendle Finance that earn interest, or special “restaking” pools. Restaking pools will contribute to securing transfers of Ethena’s USDe stablecoin across different blockchains.

根據公告，ENA 持有者可以透過三種批准的方式鎖定他們的代幣：Ethena 自己的鎖定係統、Pendle Finance 上賺取利息的貸款池或特殊的「重新抵押」池。重新抵押池將有助於確保 Ethena 的 USDe 穩定幣在不同區塊鏈之間的轉移。

If users fail to follow the new locking rules, any unlocked ENA tokens they receive will be forfeited and redistributed to users who did lock up their share as required. Furthermore, Ethena stated that none of the forfeited tokens will be credited to the company, team members, or investors, but only to compliant users.

如果用戶未能遵守新的鎖定規則，他們收到的任何未鎖定的 ENA 代幣將被沒收並重新分配給按要求鎖定其份額的用戶。此外，Ethena 表示，被沒收的代幣不會記入公司、團隊成員或投資者的帳戶，只會記入合規用戶的帳戶。

In addition to locking, Ethena is also outlining more ways for ENA holders to earn rewards through staking. The roadmap indicates that the ENA token will have increasing utility and may qualify for future airdrops as Ethena develops its finance platforms and applications that run on USDe.

除了鎖定之外，Ethena 還為 ENA 持有者提供了更多透過質押賺取獎勵的方式。該路線圖表明，隨著 Ethena 開發在 USDe 上運行的金融平台和應用程序，ENA 代幣的效用將不斷增加，並且可能有資格獲得未來的空投。

Instructions on how to comply with the new rules will be provided on June 23rd. This aligns with Ethena’s emphasis on transparency, which includes regular third-party audits to verify the assets backing the USDe stablecoin.

有關如何遵守新規則的說明將於 6 月 23 日提供。這與 Ethena 對透明度的重視相一致，其中包括定期進行第三方審計以驗證支援 USDe 穩定幣的資產。