Binance has announced the 50th project on Binance Launchpool – Ethena (ENA), a synthetic dollar protocol.

Users will be able to stake their BNB and FDUSD into separate pools to farm ENA tokens over three days, with farming starting from 2024-03-30 00:00 (UTC).

Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs.

ENA Launchpool Details:

  • Token Name: Ethena (ENA)

  • Max Token Supply: 15,000,000,000 ENA

  • Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)

  • Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)

  • Smart Contract Details: 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 (webpage will be available in around 5 hours): 240,000,000 ENA in rewards (80%)

  • Stake FDUSD (webpage will be available in around 5 hours): 60,000,000 ENA in rewards (20%)

  • Farming Period: 2024-03-30 00:00 (UTC) to 2024-04-01 23:59 (UTC)

Project Links Website: https://www.ethena.fi/ Whitepaper: https://ethena-labs.gitbook.io/ethena-labs/ X: https://twitter.com/ethena_labs Discord: https://discord.gg/QqgVaUmM Telegram: https://t.me/ethena_labs

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