Ethena (ENA) is locked up and reward points are doubled
Stablecoin protocol Ethena announced on April 8 that it will further increase the rewards of the second quarter airdrop point activity "Sats". As long as users lock more than 50% of the total USDe in their wallets in ENA, they will receive:
Rewards increased by 50%
Daily rewards are higher than all other pools
Sats points will be increased 30 times
The initial lock-up limit of ENA is tentatively set at US$200 million, which will be adjusted to increase in the future. The cooling-off period for locking ENA is 7 days.
Today we introduce $ENA into Season 2 in order to more closely align the growth in USDe with $ENA
Users who lock $ENA at a minimum of 50% of their total USDe holdings per wallet will receive
i) 50% increase in their rewardsii) the highest number of rewards per day of any pool pic.twitter.com/zxVmpGZSN6
— Ethena Labs (@ethena_labs) April 8, 2024
Exchange wallet integration
Users who have held USDe through the exchange's Web3 wallet for at least 7 days will also receive an additional 20% Sats points increase, including:
Binance
Bybit
OK
Bitget
The exchange's Web3 wallet points increase will begin at 20:00 on the evening of April 10th, Taiwan time.
Ethena (ENA) hits all-time high
Ethena’s governance token, ENA, jumped over 20% and hit a new all-time high immediately following the official announcement.
According to previous reports, Ethena plans to introduce BTC as a collateral asset in the second quarter, which is expected to further expand the USDe supply by more than $10 billion.
The “Sats” point activity will last for 5 months until September 2, 2024, or when the USDe supply reaches $5 billion.
(Stablecoin protocol Ethena airdrops 750 million ENA tokens and will introduce Bitcoin as a collateral asset)
ENA／USDT
This article Ethena increases airdrop rewards in the second quarter, and ENA currency price reaches a record high. It first appeared on Chain News ABMedia.
