随着 Wintermute 的收益分享，Ethena Labs 的 ENA 代币获得了新的生命

Ethena 基金会批准了 Wintermute 的提议，即与代币持有者分享去中心化金融 (DeFi) 协议的部分收入。

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.

据 Wintermute 治理论坛称，Ethena 基金会已批准做市商 Wintermute 的一项提案，与代币持有者分享去中心化金融（DeFi）协议的部分收入。

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 提议将 Ethena 的部分费用收入分配给 Ethena 的原生代币 ENA (ENA) 的质押者。

“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 基金会很高兴地宣布，风险委员会已批准启用 $ENA 费用转换的提案，”该基金会在 11 月 15 日的治理论坛上表示。

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

批准后，Ethena 的治理页面现在显示 ENA 质押者将获得该协议费用收入的一部分。

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.

据 CoinMarketCap 报道，Ethena Labs 在 2 月份推出了一种名为 USDe 的生息稳定币，用户可以用它来铸造比特币 (BTC)、以太币 (ETH)、流动质押衍生品和其他稳定币等代币。然后 Ethena 使用链下金融衍生品对冲投资组合的固有波动性。

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.

据 CoinMarketCap 报道，自推出以来，这种稳定币得到了迅速采用，其流通量飙升至近 32 亿美元。 Ethena 的 ENA 于 4 月推出，可以质押 sENA，而在 Wintermute 的治理提案之前，sENA 缺乏明确的价值累积机制。

“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.

根据 Wintermute 11 月 6 日的治理提案，“Ethena 协议已经并将继续产生大量实际收入，这表明 USDe 具有明确的[产品市场契合度]”。

“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 并没有直接从这项收入中受益，导致 sENA 持有者与协议发展之间明显脱节，”它补充道。

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

10 月 25 日，Wintermute 开始接受 USDe 作为现货加密货币和衍生品交易的抵押品。

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 的客户现在可以将“USDe 作为期权、[信用违约掉期]、远期和现货交易的抵押品”，该公司在 X 平台上发布的帖子中表示。

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，该稳定币加入了 Wintermute 现有的可接受的加密抵押品名单，其中包括 BTC、ETH、Solana (SOL) 和 USD Coin (USDC)。