隨著 Wintermute 的收益分享，Ethena Labs 的 ENA 代幣獲得了新的生命

Ethena 基金會批准了 Wintermute 的提議，即與代幣持有者分享去中心化金融 (DeFi) 協議的部分收入。

The Ethena Foundation has approved a proposal by market maker Wintermute to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum.

據 Wintermute 治理論壇稱，Ethena 基金會已批准做市商 Wintermute 的一項提案，與代幣持有者分享去中心化金融（DeFi）協議的部分收入。

On Nov. 6, Wintermute proposed allocating a portion of Ethena’s fee revenue to stakers of ENA (ENA) , Ethena’s native token.

11 月 6 日，Wintermute 提議將 Ethena 的部分費用收入分配給 Ethena 的原生代幣 ENA (ENA) 的質押者。

“The Ethena Foundation is pleased to share that the proposal to enable an $ENA fee switch has been approved by the Risk Committee,” it said in the governance forum on Nov. 15.

「Ethena 基金會很高興地宣布，風險委員會已批准啟用 $ENA 費用轉換的提案，」該基金會在 11 月 15 日的治理論壇上表示。

After the approval, Ethena’s governance page now shows that ENA stakers will receive a portion of the protocol’s fee revenue.

批准後，Ethena 的治理頁面現在顯示 ENA 質押者將獲得該協議費用收入的一部分。

According to CoinMarketCap, Ethena Labs launched an interest-earning stablecoin called USDe in February, which users can mint against tokens including Bitcoin (BTC), Ether (ETH), liquid staking derivatives, and other stablecoins. Ethena then hedges against the portfolio’s inherent volatility using offchain financial derivatives.

根據CoinMarketCap 報道，Ethena Labs 在2 月推出了一種名為USDe 的生息穩定幣，用戶可以用它來鑄造比特幣(BTC)、以太幣(ETH)、流動質押衍生品和其他穩定幣等代幣。然後 Ethena 使用鏈下金融衍生性商品對沖投資組合的固有波動性。

Since its launch, the stablecoin has seen rapid adoption, with its circulating supply soaring to nearly $3.2 billion, as reported by CoinMarketCap. Launched in April, Ethena’s ENA can be staked for sENA, which, before Wintermute’s governance proposal, lacked a clear value accrual mechanism.

根據 CoinMarketCap 報道，自推出以來，這種穩定幣得到了迅速採用，其流通量飆升至近 32 億美元。 Ethena 的 ENA 於 4 月推出，可以質押 sENA，而在 Wintermute 的治理提案之前，sENA 缺乏明確的價值累積機制。

“The Ethena Protocol has and continues to generate substantial amounts of real revenue, indicating a clear level of [product market fit] for USDe,” according to Wintermute’s Nov. 6 governance proposal.

根據 Wintermute 11 月 6 日的治理提案，「Ethena 協議已經並將繼續產生大量實際收入，這表明 USDe 具有明確的[產品市場契合度]」。

“Unfortunately, sENA does not directly benefit from this revenue, resulting in an explicit disconnect between sENA holders and the growth of the protocol,” it added.

「不幸的是，sENA 並沒有直接從這項收入中受益，導致 sENA 持有者與協議發展之間明顯脫節，」它補充道。

On Oct. 25, Wintermute started accepting USDe as collateral for spot crypto and derivatives trades.

10 月 25 日，Wintermute 開始接受 USDe 作為現貨加密貨幣和衍生性商品交易的抵押品。

Wintermute’s clients can now post “USDe as collateral for options, [credit default swaps], forward, and spot trading,” the company said in a post on the X platform.

Wintermute 的客戶現在可以發布「USDe 作為選擇權、[信用違約掉期]、遠期和現貨交易的抵押品，」該公司在 X 平台上的一篇貼文中表示。

The stablecoin joins Wintermute’s existing roster of accepted crypto collateral, which includes BTC, ETH, Solana (SOL), and USD Coin (USDC), Wintermute said.

Wintermute 表示，該穩定幣加入了 Wintermute 現有的可接受的加密抵押品名單，其中包括 BTC、ETH、Solana (SOL) 和 USD Coin (USDC)。