Ethena Labs has announced a significant update involving the staking and restaking capabilities for its tokens $ENA and $USDe. The new functionalities, introduced in collaboration with Symbiotic and LayerZero Labs, include generalized staking for $ENA, which will provide economic security for cross-chain transfers and future applications within the Ethena ecosystem. This approach aims at creating a further supply-sink for the $ENA token and offering immediate, non-inflationary yield. The Symbiotic ENA pool is set to launch on June 26. Users receiving $ENA through the airdrop starting June 17 will be required to lock 50% of their tokens in Ethena locking, Pendle PT-ENA, or Symbiotic.
Ethena Labs introduced ENA and sUSDe restaking through Symbiotic and LayerZero. The Symbiotic ENA pool will be launched on June 26. Starting June 17, any user who receives ENA through the airdrop will be required to lock 50% in Ethena locking, Pendle PT-ENA or Symbiotic…
After quickly digesting the tokenomics update for @ethena_labs & we think this is an interesting approach for - Creating a further supply-sink for the $ENA token - Vertical integration to further protocol value capture - Having immediate, non-inflationary yield for an "AVS"… https://t.co/9b2G8ZxBb0 https://t.co/PSV20CIS9A
ETHENA LABS STAKED $ENA UPDATE AND LAUNCH DETAILS RELEASED What you need to know: - @ethena_labs is introducing generalized restaking for $ENA and $USDe, starting with staked $ENA providing economic security for cross-chain transfers and future applications on the Ethena… https://t.co/3N96ftf2AA https://t.co/3gWnLIOhnh
Today marks an important step forward in more closely aligning the growth and use of $USDe with $ENA The launch of a generalized staking capability for $ENA with @symbioticfi and @LayerZero_Labs is the first step in adding functional utility for $ENA within the Ethena ecosystem https://t.co/TQEZTTV1uQ
$ENA and $sUSDe Soon on Symbiotic