{"id":14453,"date":"2024-06-18T12:42:20","date_gmt":"2024-06-18T09:42:20","guid":{"rendered":"https:\/\/forklog.com\/en\/ethena-labs-introduces-restaking-for-ena-and-usde\/"},"modified":"2024-06-18T12:42:20","modified_gmt":"2024-06-18T09:42:20","slug":"ethena-labs-introduces-restaking-for-ena-and-usde","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethena-labs-introduces-restaking-for-ena-and-usde\/","title":{"rendered":"Ethena Labs Introduces Restaking for ENA and USDe"},"content":{"rendered":"<p>The team at Ethena Labs has unveiled a restaking feature for the governance token ENA and the <a href=\"https:\/\/forklog.com\/en\/news\/delta%e2%80%91neutral-synthetic-dollars-why-the-usde-stablecoin-matters\">\u201csynthetic stablecoin\u201d<\/a> USDe through Symbiotic and LayerZero.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today marks an important step forward in more closely aligning the growth and use of <a href=\"https:\/\/twitter.com\/search?q=%24USDe&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDe<\/a> with <a href=\"https:\/\/twitter.com\/search?q=%24ENA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENA<\/a><\/p>\n<p>The launch of a generalized staking capability for <a href=\"https:\/\/twitter.com\/search?q=%24ENA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENA<\/a> with <a href=\"https:\/\/twitter.com\/symbioticfi?ref_src=twsrc%5Etfw\">@symbioticfi<\/a> and <a href=\"https:\/\/twitter.com\/LayerZero_Labs?ref_src=twsrc%5Etfw\">@LayerZero_Labs<\/a> is the first step in adding functional utility for <a href=\"https:\/\/twitter.com\/search?q=%24ENA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENA<\/a> within the Ethena ecosystem <a href=\"https:\/\/t.co\/TQEZTTV1uQ\">pic.twitter.com\/TQEZTTV1uQ<\/a><\/p>\n<p>\u2014 Ethena Labs (@ethena_labs) <a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1802750019810086968?ref_src=twsrc%5Etfw\">June 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The initiative is described as the \u201cfirst step in adding functional utility for ENA within the Ethena ecosystem.\u201d<\/p>\n<p>Currently, users can:<\/p>\n<ul class=\"wp-block-list\">\n<li>lock tokens in the protocol for potential future rewards up to 30x;<\/li>\n<li>place assets on the Pendle Finance platform at a fixed interest rate of approximately 75% per annum.<\/li>\n<\/ul>\n<p>The restaking pools are expected to provide economic security for the Ethena network. The first will launch on Symbiotic on June 26. The initial use case for this option will be to facilitate cross-chain transfers of USDe through the LayerZero DVN messaging system.<\/p>\n<p>Rewards for assets placed in the pool will include points from incentive programs by Symbiotic, the SocialFi platform Mellow, and LayerZero (if distributed in favor of Ethena).<\/p>\n<p>Ethena Labs also announced that from June 17, at least 50% of ENA received during the <a href=\"https:\/\/forklog.com\/en\/news\/ethena-labs-launches-ena-claim-as-exchanges-list-token\">first airdrop season<\/a> must be locked in one of the three listed options.\u00a0\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFailure to meet this requirement will result in all undisclosed funds related to the respective wallet being redistributed among others who have staked tokens,\u201d the developers warned.<\/p>\n<\/blockquote>\n<p>The aim of this measure is to encourage long-term holding of ENA while displacing speculative capital.<\/p>\n<p>In April, Ethena Labs&#8217; USDe capitalization surpassed $3 billion just four months after launch\u2014faster than any competitors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team at Ethena Labs has unveiled a restaking feature for the governance token ENA and the \u201csynthetic stablecoin\u201d USDe through Symbiotic and LayerZero. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1500,1263,1258],"class_list":["post-14453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethena","tag-restaking","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14453"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14452"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}