Ethena Labs 计划整合 Solana (SOL) 作为抵押资产，以增强对其合成稳定币 USDe 的支持

经风险委员会审查，该想法寻求采用与比特币（BTC）和以太坊（ETH）永续期货相同的对冲方法。

Synthetic stablecoin USDe, powered by Ethena Labs, is set to integrate Solana (SOL) as a new collateral asset, aiming to enhance the stability of the stablecoin.

由 Ethena Labs 提供支持的合成稳定币 USDe 将整合 Solana (SOL) 作为新的抵押资产，旨在增强稳定币的稳定性。

The proposal, currently under review by the Ethena Risk Committee, will see SOL used as a hedge for USDe in a manner similar to the current application of BTC and ETH perpetual futures.

该提案目前正在由 Ethena 风险委员会审查，该提案将把 SOL 用作 USDe 的对冲工具，其方式类似于当前 BTC 和 ETH 永续期货的应用。

This integration will introduce a new layer of protection for USDe, utilizing SOL collateral to help stabilize the value of the stablecoin and provide a strong and scalable foundation for the stablecoin within the decentralized finance (DeFi) network.

此次集成将为 USDe 引入新的保护层，利用 SOL 抵押品帮助稳定稳定币的价值，并为去中心化金融 (DeFi) 网络中的稳定币提供强大且可扩展的基础。

Ethena Labs’ Initiative to Strengthen USDe with Solana Integration, Liquid Staking AssetsThe move is expected to capitalize on the significant open interest in SOL futures, which is estimated to be in the range of $2-$3 billion.

Ethena Labs 通过 Solana 整合、流动质押资产强化 USDe 的举措预计将利用 SOL 期货的大量未平仓合约，预计该合约价值在 2-30 亿美元之间。

By integrating Solana, Ethena aims to diversify its overall collateral pool, which is currently dominated by BTC and ETH.

通过整合 Solana，Ethena 旨在实现其整体抵押品池的多元化，目前抵押品池以 BTC 和 ETH 为主。

The initial phase of this integration will involve a gradual introduction of SOL, with a target allocation of $100-$200 million, or 5-10% of Solana's open interest in the market.

此次整合的初始阶段将逐步引入 SOL，目标分配额为 100-2 亿美元，即 Solana 在市场上未平仓合约的 5-10%。

According to the Ethena team, this approach is preferred due to better liquidity compared to BTC and ETH futures and more favorable financing rates.

Ethena 团队表示，这种方式之所以受到青睐，是因为与 BTC 和 ETH 期货相比，流动性更好，融资利率也更优惠。

In addition to SOL, the proposal also includes its liquid staking variants, such as BNSOL (Binance Liquid Staked SOL) and bbSOL (Bybit Liquid Staked SOL), which are expected to comprise about one-third of the total SOL allocation.

除了 SOL 之外，该提案还包括其 Liquid Stake 变体，例如 BNSOL（Binance Liquid Staked SOL）和 bbSOL（Bybit Liquid Staked SOL），预计将占 SOL 分配总量的约三分之一。

This aligns with Ethena's existing strategy for ETH liquid staked tokens (LSTs), which have become a crucial component of the protocol's collateral system.

这与 Ethena 现有的 ETH 流动质押代币 (LST) 策略相一致，后者已成为该协议抵押品系统的重要组成部分。

Ethena aims to leverage these assets to capitalize on Solana's burgeoning DeFi ecosystem and build a stronger and more diverse support network for USDe.

Ethena 旨在利用这些资产来利用 Solana 蓬勃发展的 DeFi 生态系统，并为 USDe 建立更强大、更多样化的支持网络。

The development follows Ethena's previous launch of USDe on Solana in August via the LayerZero protocol, highlighting its ongoing efforts to expand the stablecoin's cross-chain capabilities and utility.

在此之前，Ethena 于 8 月份通过 LayerZero 协议在 Solana 上推出了 USDe，突显了其为扩展稳定币的跨链功能和实用性所做的持续努力。

Meanwhile, as reported by CNF, Ethereal Exchange has proposed a collaboration with Ethena to integrate USDe.

与此同时，据 CNF 报道，Ethereal Exchange 已提议与 Ethena 合作整合 USDe。

The exchange aims to match the performance of centralized exchanges while prioritizing self-custody, offering a 15% token allocation to ENA holders upon approval, with a transaction capacity of 1 million per second. This potential partnership underscores Ethena's initiatives to solidify its presence in the competitive stablecoin landscape.

该交易所旨在匹配中心化交易所的性能，同时优先考虑自我托管，经批准后向 ENA 持有者提供 15% 的代币分配，交易能力为每秒 100 万笔。这一潜在的合作伙伴关系凸显了 Ethena 巩固其在稳定币竞争格局中地位的举措。

As we covered, Ethena has also partnered with Coinbase Prime for custody services, integrating USDC and self-custodial wallet functionalities to streamline processes. The protocol aims to enhance the overall user experience by integrating the Coinbase Prime Web3 Wallet, optimizing the efficiency of its minting and redeeming mechanisms.

正如我们所报道的，Ethena 还与 Coinbase Prime 合作提供托管服务，集成 USDC 和自我托管钱包功能以简化流程。该协议旨在通过集成 Coinbase Prime Web3 钱包、优化其铸造和兑换机制的效率来增强整体用户体验。

At the time of writing, ENA's native token is trading at $0.4211, up 9.11% over the last 24 hours, ranking it among the top five gainers in the market today.

截至撰写本文时，ENA 原生代币交易价格为 0.4211 美元，在过去 24 小时内上涨 9.11%，跻身今日市场涨幅前五名。