I worked it out: if Ethena @Ethena Labs this season gets a 1% airdrop, then it would be roughly like Season 5’s “1 $ENA = 90,000 pts”
Last season’s total points were about 26.95T, which corresponded to a 2% airdrop. That comes out to roughly nine hundred thousand points for one token; this season’s total points are only 13.48T. Even though points are cut in half compared to last season, if the airdrop proportion is also cut in half, then the redemption ratio will be almost unchanged.
If Season 6 distributes 1%, then S1–S6 would add up to exactly 20% (including HyENA’s 1%).
If it’s only 1%, then locking it for another half year is a bit inhumane…
*Note: The locked staking share for S5 will be fully released next week (10/1)
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● The above content does not constitute investment advice. Readers should complete their own independent research. Please make decisions based on your own investment objectives and risk tolerance, and participate in the investment market cautiously.
● Figures/images are sourced from Ethena
#ethena #ENA $ENA
Last season’s total points were about 26.95T, which corresponded to a 2% airdrop. That comes out to roughly nine hundred thousand points for one token; this season’s total points are only 13.48T. Even though points are cut in half compared to last season, if the airdrop proportion is also cut in half, then the redemption ratio will be almost unchanged.
If Season 6 distributes 1%, then S1–S6 would add up to exactly 20% (including HyENA’s 1%).
If it’s only 1%, then locking it for another half year is a bit inhumane…
*Note: The locked staking share for S5 will be fully released next week (10/1)
-
● The above content does not constitute investment advice. Readers should complete their own independent research. Please make decisions based on your own investment objectives and risk tolerance, and participate in the investment market cautiously.
● Figures/images are sourced from Ethena
#ethena #ENA $ENA