On March 28, Ethena officially announced that it will officially launch the ENA airdrop event and launch it on the CEX platform on April 2. Prior to this, any user who unstakes, unlocks, or sells USDe will lose their short-selling eligibility (except Pendle YT holders). The total amount of this airdrop reached 750 million, accounting for 5% of the total. Users can claim it within 30 days. Unclaimed ENA will be redistributed to users of the second season event.

This airdrop event involves more than 90,000 user addresses, of which the top 2,000 points and Pendle YT token holders can only unlock 50% initially, and the remaining 50% will be gradually unlocked within 6 months. In addition, 3% of the total supply of ENA tokens will be specially allocated to holders of SchizoPosters and Redacted Remilio Babies series NFTs.

The total number of Ethena (ENA) tokens is 15 billion, and the initial circulation is 1.425 billion. Among them, core contributors and investors each account for 30% (need to lock up for 1 year), ecological economic development accounts for 25%, and the Ethena Foundation holds 15%. ENA tokens will be used to vote on governance proposals related to the Ethena protocol.

It is worth mentioning that the Ethena Shard event will successfully conclude on April 1 and last only 6 weeks, becoming one of the shortest Pre-Token events in the history of the encryption field. Currently, USDe's supply has exceeded the US$1.3 billion mark, becoming the fastest US dollar stablecoin to exceed US$1 billion in supply, and leading the industry with a seven-day revenue of US$8 million, surpassing MakerDAO's US$4.8 million. Immediately afterwards, Ethena Sats (second quarter event) will be launched seamlessly, supporting BTC as the underlying asset, and the event will last for 5 months or until USDe supply reaches $5 billion. ##WIF #SHIB #BTC #DOGE