Ethena Labs, Symbiotic, and LayerZero pilot universal re-staking framework

Odaily News According to official news, Ethena Labs announced the update of ENA token economics and will launch ENA universal staking function. Ethena will initially pilot the universal re-staking framework using Symbiotic and LayerZero, seeking to ensure cross-chain transfers of Ethena-based assets (including USDe and sUSDe). These transfers are verified through the LayerZero DVN network, which is protected by staking ENA within Symbiotic. The module will also include building a general framework to launch re-staking DVN for LayerZero ecosystem partners, which use consistent tokens to provide economic security and DVN operator selection. After ETH LST reaches its cap in a few days, ENA and sUSDe will become the next round of staking assets. Staking ENA in Symbiotic will receive 30 times the points reward per ENA, Symbiotic points, Mellow points and potential future LayerZero RFP allocations every day. The ENA pool will be launched on June 26. In addition, from June 17th, any user who received ENA through airdrops (for example, part of the airdrop from the Shard Campaign airdrop according to the vesting conditions) will be required to lock at least 50% of the claimable ENA. Failure to do so will result in all unvested ENA belonging to the relevant wallet being reallocated to other users who have locked ENA (three methods are: Ethena locking, PT-ENA on Pendle, and Symbiotic re-staking).