Ethena Labs updates ENA tokenomics and will pilot a universal re-staking module with Symbiotic and LayerZero

ChainCatcher message, Ethena Labs announced an update to the ENA tokenomics, introducing a universal staking feature for ENA, utilizing a universal re-staking pool to stake ENA.

Ethena will pilot a universal re-staking framework in collaboration with Symbiotic and LayerZero, ensuring cross-chain transfers of Ethena (including USDe and sUSDe) are validated through the LayerZero DVN network, which is secured by ENA staked within Symbiotic. ENA staked in Symbiotic will earn daily rewards of 30 times points per ENA, Symbiotic points, Mellow points, and potential future LayerZero RFP allocations. The ENA pool will go live on June 26.

Starting from June 17, any user who receives ENA through airdrop will need to lock at least 50% of their claimable ENA from locking, Pendle, and re-staking; otherwise, all unreleased ENA in the relevant wallet will be redistributed to other locked users.