Ethena Labs Revamps ENA Tokenomics, Introduces Forced Vesting

Ethena Labs Restructures ENA Tokenomics:

• Mandatory vesting conditions introduced for ENA token recipients to encourage long-term holding.
• Users from initiatives like the Shard Campaign must lock at least 50% of their tokens using designated methods.
• Aim is to shift user base from short-term traders to long-term investors.

New Token Vesting Rules by Ethena Labs:

• Users can choose to lock tokens through Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking.
• Failure to comply results in redistribution of unvested tokens to compliant users.
• Tokens forfeited will not be retained by the foundation or team, ensuring fairness.

ENA Holders Benefit from Staking Options:

• New staking capabilities introduced for ENA token holders within Ethena's financial ecosystem.
• Options include locking ENA for future rewards, PT-ENA pools on Pendle Finance, and restaking pools.
• Staked ENA crucial for securing network, especially for cross-chain transfers verified through LayerZero’s DVN network.

Integration with Financial Infrastructure:

• ENA to be integrated into Ethena's financial infrastructure, including the Ethena Chain.
• USDe stablecoin used for gas token in financial applications, potential for ENA holders to receive airdrops.

Emphasis on Transparency:

• Monthly Custodian Attestations for USDe provided by all integrated depositaries for transparency.
• Reports detail assets backing the stablecoin, accessible on Ethena governance forum.
• Move responds to demands for clarity and trust in asset-backed cryptocurrencies.