Ethena Labs 更新路线图，推出 ENA 代币的质押功能

Ethena Labs 是合成美元协议 Ethena Protocol 背后的实体，通过更新其路线图并揭晓，向前迈出了重要一步

Ethena Labs, the team behind the synthetic dollar protocol Ethena Protocol, has unveiled an updated roadmap and several upcoming launches to reshape the future of its native token, ENA, and the entire ecosystem, aiming for long-term stability and growth.

合成美元协议 Ethena Protocol 背后的团队 Ethena Labs 公布了更新的路线图和几项即将推出的产品，以重塑其原生代币 ENA 和整个生态系统的未来，旨在实现长期稳定和增长。

Here are the key details of Ethena's updated roadmap:

以下是 Ethena 更新路线图的关键细节：

1. Ethena Labs has introduced a major update to the tokenomics of its native token, ENA. As per this update, users receiving ENA through airdrops, such as the Shard Campaign, will be required to lock at least 50% of their claimable tokens. This locking can be done through Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. Failure to comply will result in redistributing the unvested ENA to the users who have complied with the new rules.

1. Ethena Labs 对其原生代币 ENA 的代币经济学进行了重大更新。根据此更新，通过空投（例如分片活动）接收 ENA 的用户将需要锁定至少 50% 的可领取代币。这种锁定可以通过 Ethena 锁定、Pendle 上的 PT-ENA 或 Symbiotic Restake 来完成。不遵守规定将导致未归属的 ENA 重新分配给遵守新规则的用户。

2. “To be clear: the intent of the [updated tokenomics] is to incentivize a realignment of ENA holders from mercenary capital to long-term aligned users,” the Ethena Labs team stated. Ethena Labs emphasizes that the forfeited ENA will not be retained by the foundation, team, or investors but will solely benefit users who comply with the new rules. The instructions for the latest requirements will be provided on June 23, when users claim their weekly ENA vest.

2. “需要明确的是：[更新的代币经济学]的目的是激励 ENA 持有者从唯利是图的资本重新调整为长期一致的用户，”Ethena Labs 团队表示。 Ethena Labs强调，被没收的ENA不会由基金会、团队或投资者保留，只会让遵守新规则的用户受益。最新要求的说明将于 6 月 23 日提供，届时用户将领取每周的 ENA 背心。

3. Ethena is also introducing staking capabilities for ENA, enhancing its utility within the ecosystem. These staking options are part of Ethena's broader strategy to integrate ENA into its financial infrastructure, including the upcoming Ethena Chain. The restaked ENA will provide security for cross-chain transfers verified through LayerZero's DVN network. Additionally, ENA and sUSDe will be the first assets available for deposit in Symbiotic's next epoch, with initial liquid staking tokens (LST) caps already filled.

3. Ethena 还为 ENA 引入了质押功能，增强了其在生态系统中的实用性。这些质押选项是 Ethena 将 ENA 整合到其金融基础设施（包括即将推出的 Ethena Chain）的更广泛战略的一部分。重新抵押的 ENA 将为通过 LayerZero 的 DVN 网络验证的跨链传输提供安全性。此外，ENA 和 sUSDe 将成为 Symbiotic 下一个时代的首批可存入资产，初始流动质押代币 (LST) 上限已满。

4. The new roadmap also highlights Ethena's commitment to building a financial infrastructure. The Ethena Chain will host financial applications and infrastructure built upon USDe as the gas token. “Restaked ENA will provide security across these protocols and, in return, may be eligible for potential future airdrops at their discretion,” the team added.

4. 新路线图还强调了 Ethena 对建设金融基础设施的承诺。 Ethena 链将托管基于 USDe 作为 Gas 代币构建的金融应用程序和基础设施。该团队补充道：“重新抵押的 ENA 将为这些协议提供安全性，作为回报，他们可能有资格获得未来潜在的空投。”

However, this update has sparked a debate within the crypto community. Some members expressed disappointment with Ethena's latest update, highlighting concerns about the new vesting and locking requirements.

然而，这一更新引发了加密社区内的争论。一些成员对 Ethena 的最新更新表示失望，强调了对新的兑现和锁定要求的担忧。

“After delaying our airdrop, they are adding a vesting on our vested airdrop. They promised to be transparent with the community, but this feels like a rug pull. Changing terms already defined to pump their token is shady, but don’t forget that ENA is a ‘governance token.’ Shame on you, Ethena Labs,” a crypto community member criticized.

“在推迟了我们的空投之后，他们在我们的既得空投上增加了归属。他们承诺对社区保持透明，但这感觉像是在拉扯。改变已经定义的术语来拉动他们的代币是不正当的，但不要忘记 ENA 是一个“治理代币”。 Ethena Labs，你太丢脸了。”一位加密社区成员批评道。

Since its inception, Ethena has been a subject of controversy. Some industry experts have raised concerns over the sustainability of USDe, highlighting that it could potentially face a collapse similar to TerraUSD (UST).

自诞生以来，Ethena 一直是争议的话题。一些行业专家对 USDe 的可持续性表示担忧，强调它可能面临类似于 TerraUSD (UST) 的崩溃。

Despite the controversy, Ethena has recently reached a remarkable milestone by surpassing $3.5 billion in its total value locked (TVL). At the time of writing, Ethena's TVL is $3.53 billion, indicating an approximate 47% increase over the last 30 days.

尽管存在争议，Ethena 最近还是达到了一个非凡的里程碑，其锁定总价值 (TVL) 超过了 35 亿美元。截至撰写本文时，Ethena 的 TVL 为 35.3 亿美元，表明过去 30 天增长了约 47%。