关于Ethena Labs，Ethena协议，ENA令牌

Ethena Labs已在以太坊区块链：Ethena协议上启动了复杂的DEFI协议。

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在以太坊区块链上启动了独特的DEFI协议Ethena协议。该协议的重点是两个主要的数字资产：USDE，一种合成美元的稳定股币，将1：1固定在美元上，而本地治理令牌ENA。这些代币共同充当稳定交换媒介的构件，以及可以随着社区投入而发展的分散协议。

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旨在为现有的Stablecoins和常规银行系统提供加密本地，可扩展和审查的替代方案。目的是使对Defi和CEFI参与者获得稳定和透明的资金的机会民主化，最终减少了与集中式中介机构有关的财务排斥和脆弱性。

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.

该协议的概念在很大程度上受到Bitmex创始人Arthur Hayes的“ Luna Brothers，Inc。”的启发。博客文章是在2022年Terra的UST/LUNA崩溃期间出现的。这个想法是Ethena的建筑蓝图。

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

埃塞纳（Ethena）于2023年7月首次由盖伊·杨（Guy Young）揭幕，以迅速增长而迅速引起人们的关注。

About ENA Token

关于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协议的本地治理令牌，这是一种在以太坊区块链上运行的分散协议。它授予持有人对协议未来的关键决定进行投票权。

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

这包括设置风险管理框架，确定协议财政部的资产组成以及批准即将进行的协议升级。

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代币的总供应限制为150亿，据最近数据循环约60亿个ENA。除了治理权利外，还可以将ENA放在以赚取协议收入，使代币持有人的利益与Ethena生态系统的成功保持一致。

ENA Token Information

一个令牌信息

Name: Ethena Token

名称：ethena令牌

Ticker: ENA

股票：这个

Rank: 165

等级：165

Today’s Price: $0.6869

今天的价格：0.6869美元

24h Volume: $64,938,336

24h卷：$ 64,938,336

7d Change: 16.67%

7D变更：16.67％

All-Time High: $1.88

历史最高高：$ 1.88

All-Time Low: $0.32

历史最低点：$ 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，交易量为64,938,336美元。在过去的24小时内，它增长了15.54％。

Ethena’s Value Proposition in DeFi: USDe

Ethena在Defi中的价值主张：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用其新颖的Stablecoin USDE为Defi做出了独特的贡献。 USDE的一个关键方面是其加密本地解决方案，用于维护其PEG，该解决方案在加密生态系统中使用了复杂的三角中心的对冲策略。这旨在最大程度地降低任何集中化风险，并提供真正独立的数字美元。

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.

另一个区别是USD被设计为产生产生的资产。 USDE的液体含有衍生物Susde的持有人可以赚取有吸引力的利息，这是从ETH Staking Rewards和衍生品市场融资率中有机衍生的。这将USDE定位为加密球体中的高收益储蓄帐户。

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的设计还优先考虑资本效率和可扩展性。 USDE具有1：1的造币比率，使其比过度的稳定稳定剂具有更高的效率，并促进了快速缩放。此外，Ethena专注于所有协议活动的链验证性和定期储备证明报告的透明度和审查阻力。

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

最后，USDE是高度组合的，可确保与各种Defi和CEFI平台的平稳集成，从而在更广泛的加密生态系统中扩展了效用。