On June 18th, ETHena announced an update to its token economics, with plans to introduce a universal restaking mechanism in the Ethena ecosystem and the upcoming Ethena Chain. Additionally, they will implement a “locking” requirement for any users who receive ENA through airdrops. While Ethena claims that this is aimed at reducing the inflation rate of ENA and incentivizing ENA holders to be long-term users, some users have pointed out that the repeated changes in the unlock mechanism for airdropped tokens in previous Shard Campaigns suggest a strong element of compulsion in this update. Some users have also suggested that these repeated changes are simply to ensure that ENA cannot be sold before it is unlocked for the team and investors. However, even if this is done to maintain the value of ENA, it has left some users feeling disheartened.
