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Binance launches Ethena, 10 things you must know:
On the eve of $ENA’s launch on #Binance, we take a new look at this potential “stablecoin disruptor” and help you sort out 10 things you must know.
①The founder of BitMEX is the biggest promoter
Ethena's creative inspiration came from BitMEX founder Arthur Hayes, which was to create a stablecoin supported by equal amounts of BTC spot longs and futures shorts. However, Ethena chooses ETH as the main asset for opening spot and futures positions.
Interestingly, Ethena received strong support from Arthur, not only participating in two rounds of financing, but also minting a large amount of USDe, and even publicly stated that USDe will surpass USDT to become the largest U.S. dollar stable currency. Therefore, Arthur can be regarded as Ethena's biggest promoter.
②There are rules to follow for Ethena to be listed on Binance
In July last year, Ethena completed a 6 million seed round of financing, led by Dragonfly, with participation from Deribit, Bybit, OKX, Gemini, etc.
In February this year, Ethena completed a 14 million strategic round of financing at a valuation of US$300 million. Dragonfly, Brevan Howard Digital and BitMEX founder Arthur’s family office Maelstrom co-led the investment, and Binance Labs and others participated.
It was precisely because of the last round of financing that most people realized that $ENA would be listed on Binance, so they joined the army of minting USDe.
③USDe supply increased by over 468% in 40 days
Before Binance officially announced the launch of $ENA, USDe supply soared from approximately US$242 million on February 18 to US$1.376 billion on March 28, an increase of 468.79%.
The outbreak of USDe has attracted great attention in the industry. Even MakerDAO founder Rune deposited 5.66 million USDT into Ethena and minted 5.655 million USDe.
④Ethena TVL exceeded US$1.5 billion, with an increase of 19.28% in the 7th day
DeFiLlama data shows that Ethena TVL has exceeded US$1.5 billion, a record high, with an increase of 19.28% on the 7th. The contract positions opened by this protocol account for 15% of the global ETH contract open positions.
⑤Ethena plans to include BTC as collateral assets
Recently, Seraphim, head of growth at Ethena Labs, posted that Ethena’s next step is to include BTC as collateral assets (BTC’s open contract position currently exceeds 27 billion US dollars), thereby pushing the issuance scale of USDe to exceed 5 billion US dollars in September.
⑥5% airdrop in the first quarter, available for collection on April 2
Ethena plans to airdrop 750 million $ENA tokens, accounting for 5% of the total supply. It will be available for collection on April 2, with more than 90,000 eligible user addresses.
After the launch of the governance token, the official will launch the second season of activities to further expand its token economic model.
⑦ Staking BNB/FDUSDT can mine 300 million $ENA
Ethena was first launched on Binance, and 2% of the total token supply was allocated to Lanchpool, a total of 300 million tokens, of which BNB mining pool accounted for 80% and FDUSD mining pool accounted for 20%.
Mining time: 08:00 on March 30-08:00 on April 2
Participation link: https://launchpad.binance.com/zh-CN
⑧ The average annualized return of the first 10 periods of the BNB mining pool was 123%
According to the statistics of the Planet Daily, based on the BNB mining pool, the average annualized return of the first 10 periods of the Binance Lanchpool was 123%. Assuming that the annualized return of this mining is also 123%, the price of $ENA is about 0.45U based on 3 days of mining.
It is worth noting that, according to the bloggers' calculations, although the BNB mining pool accounts for a very high proportion, referring to the mining income in recent periods, when investing the same amount of money, the income from mining with FDUSD will be higher.
⑨ENA expected price 0.4-0.6U
The total amount of ENA tokens is 15 billion, with an initial circulation of 9.5%. The current market forecast price range is concentrated between 0.4 and 0.6U. However, the ENA futures price on AEVO is 0.68U.
Binance launches Ethena, 10 things you must know
⑩ Binance creative event rewards 50,000 ENA
Those who like to write short essays can participate in the creative event organized by Binance. 200 people will share 50,000 ENA. Participants can create $ENA analysis articles, or re-create ENA and Binance logos,#memepictures and text stalks are all acceptable.
Two points need to be noted: forward the event tweet + tag#Binancenew currency ENA; fill in the form and submit after the work is published.
#ENA #BTC #新币挖矿
On the eve of $ENA’s launch on #Binance, we take a new look at this potential “stablecoin disruptor” and help you sort out 10 things you must know.
①The founder of BitMEX is the biggest promoter
Ethena's creative inspiration came from BitMEX founder Arthur Hayes, which was to create a stablecoin supported by equal amounts of BTC spot longs and futures shorts. However, Ethena chooses ETH as the main asset for opening spot and futures positions.
Interestingly, Ethena received strong support from Arthur, not only participating in two rounds of financing, but also minting a large amount of USDe, and even publicly stated that USDe will surpass USDT to become the largest U.S. dollar stable currency. Therefore, Arthur can be regarded as Ethena's biggest promoter.
②There are rules to follow for Ethena to be listed on Binance
In July last year, Ethena completed a 6 million seed round of financing, led by Dragonfly, with participation from Deribit, Bybit, OKX, Gemini, etc.
In February this year, Ethena completed a 14 million strategic round of financing at a valuation of US$300 million. Dragonfly, Brevan Howard Digital and BitMEX founder Arthur’s family office Maelstrom co-led the investment, and Binance Labs and others participated.
It was precisely because of the last round of financing that most people realized that $ENA would be listed on Binance, so they joined the army of minting USDe.
③USDe supply increased by over 468% in 40 days
Before Binance officially announced the launch of $ENA, USDe supply soared from approximately US$242 million on February 18 to US$1.376 billion on March 28, an increase of 468.79%.
The outbreak of USDe has attracted great attention in the industry. Even MakerDAO founder Rune deposited 5.66 million USDT into Ethena and minted 5.655 million USDe.
④Ethena TVL exceeded US$1.5 billion, with an increase of 19.28% in the 7th day
DeFiLlama data shows that Ethena TVL has exceeded US$1.5 billion, a record high, with an increase of 19.28% on the 7th. The contract positions opened by this protocol account for 15% of the global ETH contract open positions.
⑤Ethena plans to include BTC as collateral assets
Recently, Seraphim, head of growth at Ethena Labs, posted that Ethena’s next step is to include BTC as collateral assets (BTC’s open contract position currently exceeds 27 billion US dollars), thereby pushing the issuance scale of USDe to exceed 5 billion US dollars in September.
⑥5% airdrop in the first quarter, available for collection on April 2
Ethena plans to airdrop 750 million $ENA tokens, accounting for 5% of the total supply. It will be available for collection on April 2, with more than 90,000 eligible user addresses.
After the launch of the governance token, the official will launch the second season of activities to further expand its token economic model.
⑦ Staking BNB/FDUSDT can mine 300 million $ENA
Ethena was first launched on Binance, and 2% of the total token supply was allocated to Lanchpool, a total of 300 million tokens, of which BNB mining pool accounted for 80% and FDUSD mining pool accounted for 20%.
Mining time: 08:00 on March 30-08:00 on April 2
Participation link: https://launchpad.binance.com/zh-CN
⑧ The average annualized return of the first 10 periods of the BNB mining pool was 123%
According to the statistics of the Planet Daily, based on the BNB mining pool, the average annualized return of the first 10 periods of the Binance Lanchpool was 123%. Assuming that the annualized return of this mining is also 123%, the price of $ENA is about 0.45U based on 3 days of mining.
It is worth noting that, according to the bloggers' calculations, although the BNB mining pool accounts for a very high proportion, referring to the mining income in recent periods, when investing the same amount of money, the income from mining with FDUSD will be higher.
⑨ENA expected price 0.4-0.6U
The total amount of ENA tokens is 15 billion, with an initial circulation of 9.5%. The current market forecast price range is concentrated between 0.4 and 0.6U. However, the ENA futures price on AEVO is 0.68U.
Binance launches Ethena, 10 things you must know
⑩ Binance creative event rewards 50,000 ENA
Those who like to write short essays can participate in the creative event organized by Binance. 200 people will share 50,000 ENA. Participants can create $ENA analysis articles, or re-create ENA and Binance logos,#memepictures and text stalks are all acceptable.
Two points need to be noted: forward the event tweet + tag#Binancenew currency ENA; fill in the form and submit after the work is published.
#ENA #BTC #新币挖矿
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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