Ethena Labs 飆升：增強的訪問權限和豐厚的獎勵推動穩定幣質押熱潮

Ethena Labs 是一種合成穩定幣協議，已與 Binance、Bybit、OKX 和 Bitget 集成，允許用戶質押 USDe 穩定幣以獲得更高的獎勵，包括 20% 的獎勵。作為此整合的一部分，用戶現在可以透過支援的交易所錢包參與質押過程，為參與提供額外的激勵，並為該協議在 DeFi 領域日益重要的地位做出貢獻。

Ethena Labs Blazes New Trails: Enhanced Accessibility and Lucrative Rewards for Stablecoin Stakers

Ethena Labs 開闢新道路：為穩定幣質押者提供增強的可及性和豐厚的獎勵

In a major move towards increased user accessibility and enhanced incentives, Ethena Labs, a trailblazing synthetic stablecoin protocol, has seamlessly integrated with the centralized exchange (CEX) wallets of Binance, Bybit, OKX, and Bitget, effective April 10, 2023. This strategic alliance marks a pivotal moment in the evolution of Ethena's ecosystem, bolstering its reach and appeal among users seeking unparalleled opportunities to harness the power of stablecoin staking.

為了提高用戶可訪問性和增強激勵措施，Ethena Labs（一種開創性的合成穩定幣協議）已與Binance、Bybit、OKX 和Bitget 的中心化交易所(CEX) 錢包無縫集成，於2023 年4月10 日生效。該聯盟標誌著 Ethena 生態系統發展的關鍵時刻，增強了其在用戶中的影響力和吸引力，這些用戶尋求無與倫比的機會來利用穩定幣質押的力量。

20% Reward Boost Catapults Stakers' Earnings

20% 的獎勵提升提升了質押者的收入

To celebrate this momentous integration, Ethena Labs has unveiled an enticing reward system for users who pledge their allegiance to the USDe stablecoin by locking their holdings for a minimum duration of seven days through the supported exchange Web3 wallets. Commencing from the announcement date, eligible participants will be bestowed with a generous 20% reward boost in the form of "Ethena sats." These coveted sats can be effortlessly converted into the protocol's native ENA token upon the culmination of each campaign, unlocking an additional avenue for users to amplify their earnings and further their participation in the staking ecosystem.

為了慶祝這一重大整合，Ethena Labs 推出了一項誘人的獎勵系統，獎勵用戶透過支援的交易所 Web3 錢包鎖定其持有的 USDe 穩定幣至少 7 天，以保證對 USDe 穩定幣的忠誠。自公告之日起，符合條件的參與者將獲得「Ethena sat」形式的 20% 豐厚獎勵。這些令人垂涎的 sat 可以在每次活動結束時毫不費力地轉換為協議的原生 ENA 代幣，為用戶打開一條額外的途徑來擴大他們的收入並進一步參與質押生態系統。

To reap the rewards on offer, users must diligently transfer their USDe stablecoins into their designated exchange wallets, establish a secure connection with the Ethena decentralized finance (DeFi) protocol, and stake their holdings with unwavering confidence.

為了獲得所提供的獎勵，用戶必須勤奮地將其USDe 穩定幣轉移到指定的交易錢包中，與Ethena 去中心化金融(DeFi) 協議建立安全連接，並堅定地信心十足地持有其持有的資產。

Ecosystem Rewards: A Catalyst for Unprecedented Growth

生態系統獎勵：前所未有的成長催化劑

Ethena's meticulously crafted ecosystem rewards have emerged as a veritable magnet for users, as evidenced by the overwhelming participation and remarkable levels of staking activity. According to the esteemed blockchain analytics firm Lookonchain, the top 10 wallets exhibited an unwavering commitment to Ethena during Season 2, withdrawing a staggering 37.5M ENA tokens, valued at an impressive $51 million, and staking them within the protocol.

Ethena 精心設計的生態系統獎勵已經成為名副其實的用戶吸引力，壓倒性的參與度和顯著的質押活動水平就證明了這一點。根據著名的區塊鏈分析公司Lookonchain 的數據，排名前10 名的錢包在第二季中表現出了對Ethena 的堅定承諾，提取了驚人的3750 萬個ENA 代幣，價值高達5100 萬美元，並將它們抵押在協議中。

Ethena's Meteoric Ascendancy: A Testament to Innovation

Ethena 的崛起：創新的證明

Since its audacious launch in early 2023, the Ethena protocol has experienced an unparalleled rise to prominence, capturing the attention of the cryptocurrency community with its groundbreaking USDe stablecoin. Within a remarkable month of its introduction, on March 8, 2023, Ethena ascended to the zenith of decentralized applications, becoming the most lucrative platform in the entire cryptosphere. It achieved this extraordinary feat by offering an exceptional 67% annual percentage yield (APY) on USDe, a testament to its unwavering commitment to rewarding its loyal users.

自 2023 年初大膽推出以來，Ethena 協議的知名度空前提升，以其突破性的 USDe 穩定幣吸引了加密貨幣社群的關注。在推出後的非凡一個月內，即 2023 年 3 月 8 日，Ethena 登上了去中心化應用程式的頂峰，成為整個加密領域最賺錢的平台。它透過在 USDe 上提供高達 67% 的年收益率 (APY) 來實現這一非凡壯舉，這證明了其獎勵忠實用戶的堅定承諾。

While the current APY has been prudently adjusted to 24%, the protocol continues to attract a burgeoning user base and generate substantial revenue, solidifying its position as a leading force in the DeFi landscape.

雖然目前的APY已謹慎調整至24%，但該協議繼續吸引迅速增長的用戶群並產生可觀的收入，鞏固了其在DeFi領域的主導地位。

Addressing Concerns and Drawing Distinctions

解決問題並區分

The allure of Ethena's generous yields has understandably raised questions among certain observers, prompting comparisons to the ill-fated Terra stablecoin, TerraUSD (UST). However, Guy Young, the visionary founder of Ethena Labs, has dismissed these baseless comparisons as "knee-jerk reactions" in an exclusive interview with Cointelegraph on February 22, 2023.

Ethena 豐厚收益的吸引力引起了某些觀察家的質疑，這促使人們將其與命運多舛的 Terra 穩定幣 TerraUSD (UST) 進行比較，這是可以理解的。然而，Ethena Labs 富有遠見的創始人 Guy Young 在 2023 年 2 月 22 日接受 Cointelegraph 獨家採訪時，將這些毫無根據的比較斥為「下意識反應」。

Young passionately emphasized that Ethena's yields are not artificial creations but rather the result of a sustainable and natural process. These yields are derived from Ethereum's inflation rewards, ETH stakers' execution fees, maximal extractable value fees, and the trading income generated by Ethena Labs.

Young 熱情地強調 Ethena 的產量不是人工創造，而是永續和自然過程的結果。這些收益來自以太坊的通膨獎勵、ETH 質押者的執行費用、最大可提取價值費用以及 Ethena Labs 產生的交易收入。

In stark contrast to Anchor, the now-defunct yield protocol that relied heavily on venture capital funding to distribute yields, Ethena's yields are publicly verifiable and generated with unwavering transparency. The firm engages in strategic short derivative positions upon receiving long-position collateral assets for minting USDe, with the astutely calculated spread between the two positions being equitably distributed to USDe holders as yield.

與 Anchor 形成鮮明對比的是，Anchor 是一個嚴重依賴風險投資資金來分配收益的收益協議，而 Ethena 的收益是可公開驗證的，並且以堅定不移的透明度生成。該公司在收到用於鑄造 USDe 的多頭頭寸抵押資產後從事戰略性空頭衍生品頭寸，兩個頭寸之間經過精明計算的價差作為收益公平地分配給 USDe 持有者。

A New Dawn in DeFi: Ethena Labs Leads the Charge

DeFi 的新曙光：Ethena Labs 引領潮流

The seamless integration of Ethena Labs with leading exchange wallets represents a significant milestone in the protocol's relentless pursuit of growth and innovation. This strategic move is designed to attract a wider user base by providing enhanced rewards and an unparalleled staking experience.

Ethena Labs 與領先的交易所錢包的無縫整合代表了該協議對成長和創新的不懈追求的一個重要里程碑。這項策略性舉措旨在透過提供增強的獎勵和無與倫比的質押體驗來吸引更廣泛的用戶群。

Ethena's unwavering commitment to sustainability and transparency sets it apart from its competitors, aiming to dispel any lingering skepticism that may have plagued the DeFi space in the past. Despite concerns raised regarding its high yields, Ethena Labs remains resolute in its belief that its rewards system is both authentic and sustainable.

Ethena 對永續發展和透明度的堅定承諾使其在競爭對手中脫穎而出，旨在消除過去可能困擾 DeFi 領域的任何揮之不去的懷疑。儘管人們對其高收益感到擔憂，但 Ethena Labs 仍然堅信其獎勵制度是真實且可持續的。

With a burgeoning user base and an unwavering focus on innovation, Ethena looks poised to shape the future of DeFi and redefine the possibilities for stablecoin stakers. As Ethena expands its partnership network and forges new integrations, it will undoubtedly encounter both challenges and opportunities in the ever-evolving cryptocurrency and DeFi landscape. However, with its unwavering commitment to excellence and its unwavering belief in the power of blockchain technology, Ethena Labs is well-positioned to overcome adversity and emerge as a true industry leader.

憑藉著不斷增長的用戶群和對創新堅定不移的關注，Ethena 似乎準備好塑造 DeFi 的未來，並重新定義穩定幣質押者的可能性。隨著 Ethena 擴大其合作夥伴網路並打造新的整合，它無疑將在不斷發展的加密貨幣和 DeFi 領域面臨挑戰和機遇。然而，憑藉對卓越的堅定承諾以及對區塊鏈技術力量堅定不移的信念，Ethena Labs 完全有能力克服逆境，成為真正的行業領導者。