Binance announced Ethena as the 50th project to join Binance Launchpool
Ethena is the 50th project on Binance Launchpool with a unique mechanism when successfully developing a stablecoin with an APR yield of up to 30% a year. A new era for staking is truly beginning
Users will be able to stake BNB and FDUSD into separate pools to farm Etherna(ENA) tokens for 3 days, with farming time starting from 07:00 March 30, 2024 (Vietnam time).
Binance will then list ENA at 15:00 on April 2, 2024 (Vietnam time) and open trading with the trading pairs ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/ TRY. The Seed tag will be applied to ENA
Detailed information about Ethena(ENA) Launchpool:
- Token name: Ethena (ENA)
- Total supply: 15,000,000,000 ENA
- Launchpool reward: 300,000,000 ENA (2% supply)
- Initial circulating supply: 1,425,000,000 ENA (9.5% supply)
- Smart Contract Addresses: Ethereum
- Staking terms: KYC required
- Hourly hard cap per user:
333,333.33 ENA in BNB pool
83,333.33 ENA in FDUSD pool
Supported pools:
- Stake BNB (site will be available in about 5 hours): 240,000,000 ENA reward (80%)
- Stake FDUSD (site will be available in about 5 hours): 60,000,000 ENA reward (20%)
- Farm time: 07:00 March 30, 2024 to 6:59 April 1, 2024 Vietnam time.
Ethena is a decentralized stablecoin protocol within the Ethereum ecosystem that offers two very unique products including Synthetic Dollar and Internet Native Yield.
- Synthetic Dollar is a type of Stablecoin that the project develops that pegs directly to USD and is synthesized from LST collateral (stETH, rETH,...) and Short ETH positions.
- Internet Native Yield represents users earning interest on Stablecoins