Sentetik stablecoin başlangıcı Ethena Laboratuvarları has announced it is one step closer to the holy grail of internet money.

After six weeks of Ethena’s “Shard Campaign,” or points system, which saw the total supply of its stablecoin, USDe, balon $1.3 billion, the ecosystem is ready to begin distributing its second native token, tickered ENA.

Launching the ENA token, göre the team, marks the beginning of the decentralization of the Ethena protocol.

Beginning April 2, ENA will be eligible for claim on the project’s official claim Web sitesi, as centralized exchanges get ready for listing. On this date, the project will distribute 750 million ENA, or 5% of the total 15 billion supply.

Airdrop'a ayrılan %5'lik pay, Ekosistem Geliştirme'ye ait olan toplam %30'luk paydan gelecektir.

Ekibe göre ENA yönetimde önemli bir rol oynayacak. Tokenı kullanarak yapılan oylama, diğer kullanımların yanı sıra genel risk yönetimi çerçevelerine, USDe destek kompozisyonuna, takas ve saklama riskine, topluluk hibelerine ve Rezerv Fonu büyüklüğüne karar vermeye gidecek.

Buna internet parasının kutsal kâsesi demek çok büyük bir iddia.

Ethena Labs'ın kurucusu Guy Young'a göre kriptonun kutsal kasesi, para statüsünü inşa etmek veya bu statüye ulaşmaktır.

The Defiant'a "BTC ve ETH bir araya gelerek para olmaya çalışıyor" dedi ve Ethena'nın misyonunun ve kutsal kâsenin internet parasının kendi yerel versiyonunu yaratmak olduğunu söyledi.

For eligibility, users that stake, hold USDe in incentivized pools, LP pools, or Pendle Finans, must leave their tokens in their respective wallets and protocols.

Additionally, holders of two NFT collections–SchizoPosters and Redacted Remilio Babies–will receive 3% of the initial airdrop amount.

Ethena'nın Tartışmalı Stablecoin USDe

Ethena Labs’ karıştırmaya neden oldu in the crypto industry on February 19 after it announced a 27% yield on its native stablecoin, USDe.

Double digit yield-bearing assets reminded Crypto Twitter of Terra UST algorithmic stablecoin, which saw its demise in early May 2022, causing a ölüm sarmalı that wiped out $50 billion in market capitalization in three days.

But the synthetic stablecoin has been lauded by many for its architecture, which backs the token that is pegged to $1 with staked Ethereum, while also hedging stETH with short ETH positions on centralized exchanges. Both stETH and short positions contribute to yield that’s passed on to stablecoin holders.

Austin Campbell, founder and managing partner of Zero Knowledge Consulting firm, şuraya Ethena is a “truly interesting experiment” and is substituting credit risk with price risk.

His view echoed that of Ryan Watkins, co-founder of Syncracy Capital, who şuraya USDe should be conceptualized as a structured product, and that it offers a “key source” of liquidity.