Ethena Labs 更新 ENA 加密货币代币的代币经济学模型

Ethena Labs 宣布更新其 ENA 加密货币代币的代币经济学模型，目标是鼓励长期投资而不是短期交易和销售。

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.

为了鼓励长期投资其 ENA 加密货币代币并阻止短期交易和销售，Ethena Labs 宣布更新其代币经济学模型。

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 代币的人现在都必须在较长时间内锁定至少 50%，包括通过最近的分片活动空投等促销活动收到 ENA 的用户。

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.

根据公告，ENA 持有者可以通过三种批准的方式锁定他们的代币：Ethena 自己的锁定系统、Pendle Finance 上赚取利息的贷款池或特殊的“重新抵押”池。重新抵押池将有助于确保 Ethena 的 USDe 稳定币在不同区块链之间的转移。

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.

如果用户未能遵守新的锁定规则，他们收到的任何未锁定的 ENA 代币将被没收并重新分配给按要求锁定其份额的用户。此外，Ethena 表示，被没收的代币不会记入公司、团队成员或投资者的账户，而只会记入合规用户的账户。

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.

除了锁定之外，Ethena 还为 ENA 持有者提供了更多通过质押赚取奖励的方式。该路线图表明，随着 Ethena 开发在 USDe 上运行的金融平台和应用程序，ENA 代币的效用将不断增加，并且可能有资格获得未来的空投。

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.

有关如何遵守新规则的说明将于 6 月 23 日提供。这与 Ethena 对透明度的重视相一致，其中包括定期进行第三方审计以验证支持 USDe 稳定币的资产。