[Old rule, first write the Binance airdrop event at the beginning of the article, as a courtesy]
Money giving event! ! !
[I followed Uncle Ai all the way to five issues in the earlier issues, and I have already masturbated almost a thousand U. I am looking forward to the income from this issue]
new benefits
The project owner is very generous this time, 200,000 $ENA are waiting for you!
Captain exclusive event link: https://www.binance.com/zh-CN/join?ref=ZP4OMAUK
【 Binance Captain Exclusive Link】
Invitation code: ZP4OMAUK
Through the Binance KOL/Captain invitation link, new users who register and trade more than 100U will receive 50 $ENA each for the first 3,000 users, and those after 3,000 will share 50,000 $ENA!
Please note that the rules of this event are slightly different. There are restrictions on transaction volume and deposit methods. Please read the event rules carefully. The benefits are great so time is limited. Binance KOL/captain please click on the link to sign up~
Event time: 08:00 on March 30, 2024 to 07:59 on April 1, 2024 (GMT+8)
What is Ethena?
Ethena is a synthetic USD protocol built on Ethereum that will provide a crypto-native solution for currencies that do not rely on traditional banking system infrastructure, as well as a globally accessible USD-denominated savings instrument - "Internet Bonds" ". Ethena’s synthetic U.S. dollar, USDe, will provide the first censorship-resistant, scalable and stable crypto-native solution for funding achieved through hedging of staked Ethereum collateral. USDe will be transparently fully supported on-chain and freely combinable across DeFi.
USDe peg stability is ensured by using delta-hedged derivatives positions against the collateral held by the protocol.
The “Internet Bond” will combine returns from staking Ethereum with funding and basis from perpetual and futures markets to create the first on-chain crypto-native “bond” that can serve as a USD-denominated savings vehicle for users in permitted jurisdictions.
[The description here is more official. For us second-level newcomers, the simplest understanding is the current most popular RWA ecology]
Recently, the RWA track has been very popular this time. The reason is that#Ondohas more than doubled in the past week and led the increase in the entire RWA track.
The current total market value of the entire RWA track is 57 billion
Let’s take a look at Ethena’s recent data performance:
#ENA Currently, TVL on its chain accounts for 77% of the Klaytn chain.
At the same time, we can also see that the growth trend of its TVL in the past year has been very steep, especially in the past quarter, which has basically doubled, while it has increased three times in the past year.
The real-time total minting amount of USDe is US$430 million, with an annualized return of 24.04% (updated weekly), which has maintained strong growth over the past few months.
BinanceLabs has included Ethena Labs in the first batch of incubation projects for Incubation Season 6
To sum up, ENA, whether in terms of ecological sector or institutional background, even in terms of data, can demonstrate the potential of this project. As for whether it can become the leader of the RWA ecosystem, we will have to wait and see.
Token Economy:
Binance Launch Pool: 2.00% of total token supply 300,000,000 (2% of total supply)
Initial circulation: 1,425,000,000 (9.5% of total supply)
Investment agency:
Ethena completed a $6.5 million seed round of financing in July 2023, led by Dragonfly, with participation from Deribit, Bybit, OKX Ventures, BitMEX, etc.
In February 24, it was once again led by Dragonfly, with a US$14 million strategic investment from PayPal Ventures, Binance Labs, Deribit, Gemini Frontier Fund, Kraken Ventures, etc. The valuation of this round is US$300 million.
Ethena's financing lineup is very luxurious, with famous leading exchanges participating in the investment, and traditional finance also including PayPal. And because the project itself relies on centralized exchanges and derivatives exchanges, any well-known exchange you know can be involved behind Ethena.
In terms of the last round of valuation:
The last round valuation was 300 million market value, and the last round cost was 0.02
Based on the current FDSUD output yield of 1 point, the initial expectation is 0.27
Based on the return rate of the BNB mining pool, it is expected to be 0.35
Therefore, in general, the launch of this issue is expected to be between 0.3-0.4 [The endorsement of this ecology is very strong, and it has always been a popular track in the market, so in fact, combined with the cost of the institution, we will first look at the performance of the launch. If there is a short-term opportunity, we can Make a long-term layout based on costs]
So how to participate? How to mine BNB Golden Fork?
Binance Launchpad | Binance
1.Web side official website homepage more launchpad and new currency mining
2. After entering the Launchpad, you can choose one-click allocation, or you can directly click on the BNB or FDUSD mining pool to enter the pledge.
3. We can choose to pledge BNB FDUSD. BNB has the highest income. At the same time, friends who have more idle u can exchange it for stable coins to mine.
Mobile APP
1. Click on the upper left corner to find out more
2. Find the financial management in More, and you can find the launchpad. The pledge method is the same
It is worth mentioning that holders of ENA tokens have voting rights in the Ethena protocol and can participate in proposals and make decisions on the future development of the protocol.
##Launchpool #Launchpad ##ENA