[*&^Potential^!!] Ethena Labs: Improving Potential Airdrop Eligibility
Ethena's first airdrop gave users over $500 million, now users are piling in to get a piece of the second airdrop.
Ethena will launch its second ENA AirDrop in early October. 5% of the ENA supply is distributed as rewards through the AirDrop.
Step-by-Step Guide to Claiming Airdrop
To claim your airdrop, follow these simple steps:
Keep an eye on official Crypto Network announcements, social media, and project updates to be aware of upcoming airdrop events.
Step 2: Check Eligibility
Ensure you meet any eligibility criteria specified for the airdrop, such as minimum token holdings or specific tasks. Before diving into claiming airdrops, ensure you hold the required amount of specified crypto tokens in your wallet to be eligible for the airdrop event.
Ethena Labs officially mentioned that users can start accumulating airdrop points for the third season starting from September 2. The season activity will last until March 23, 2025 (6 months). Users who participated in the first or second season activities will receive a 10% bonus on points in the third season activities. However, Ethena Labs has not yet mentioned the total amount of ENA allocated to the third season.
The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena (ENA) tokens on April 2.
The recipient, wallet 0xb56, received 3.3 million Ethena tokens worth $1.96 million, according to on-chain data analyzed by Arkham Intelligence in an April 2 X post.
Ethena Updates Tokenomics, Requires ENA Airdrop Recipients to Lock 50% of Tokens
Users that receive ENA via an airdrop will be required to lock up half those tokens within Ethena, Pendle Finance or generalized restaking pools.
Ethena Labs has become the fifth-largest stablecoin issuer by market capitalization hours after the launch of its ENA token.
In an exciting development, Bitget Wallet has launched a BWB Points airdrop campaign designed explicitly for Ethena users who have made transactions totalling at least 100 USDT in the last three months. Qualified participants are eligible to receive BWB Points, which can later be converted into BWB tokens, the main token of Bitget Wallet’s ecosystem. The airdrop, which will run until April 28th, is available to both new and existing Bitget Wallet users and active users of other well-known Web3 wallets. It involves completing specific wallet tasks to increase point accumulation.
Ethena Labs has announced a significant update to the tokenomics of its native token called ENA. Users receiving ENA through airdrops, such as from the Shard Campaign, must now lock at least 50% of their claimable tokens. The lock-in can be done through one of three methods: Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. Non-compliance will lead to the redistribution of unvested ENA to compliant users.
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply.
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What is the ethena protocol?
Ethena (ENA) is a decentralized stablecoin protocol offering a synthetic dollar for DeFi and Web3 uses. It employs a delta hedging strategy to ensure stability, scalability, and censorship resistance. The protocol includes a governance token, ENA, which has potential for significant growth.
Ethena, a synthetic dollar protocol built on Ethereum, is offering an airdrop of ENA tokens to users who have interacted with the platform.
Ethena's first airdrop gave users over $500 million, now users are piling in to get a piece of the second airdrop.
Ethena will launch its second ENA AirDrop in early October. 5% of the ENA supply is distributed as rewards through the AirDrop.
Ethena Labs officially mentioned that users can start accumulating airdrop points for the third season starting from September 2. The season activity will last until March 23, 2025 (6 months). Users who participated in the first or second season activities will receive a 10% bonus on points in the third season activities. However, Ethena Labs has not yet mentioned the total amount of ENA allocated to the third season.
The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena (ENA) tokens on April 2.
The recipient, wallet 0xb56, received 3.3 million Ethena tokens worth $1.96 million, according to on-chain data analyzed by Arkham Intelligence in an April 2 X post.
Ethena Updates Tokenomics, Requires ENA Airdrop Recipients to Lock 50% of Tokens
Users that receive ENA via an airdrop will be required to lock up half those tokens within Ethena, Pendle Finance or generalized restaking pools.
Ethena Labs has become the fifth-largest stablecoin issuer by market capitalization hours after the launch of its ENA token.
In an exciting development, Bitget Wallet has launched a BWB Points airdrop campaign designed explicitly for Ethena users who have made transactions totalling at least 100 USDT in the last three months. Qualified participants are eligible to receive BWB Points, which can later be converted into BWB tokens, the main token of Bitget Wallet’s ecosystem. The airdrop, which will run until April 28th, is available to both new and existing Bitget Wallet users and active users of other well-known Web3 wallets. It involves completing specific wallet tasks to increase point accumulation.
Ethena Labs has announced a significant update to the tokenomics of its native token called ENA. Users receiving ENA through airdrops, such as from the Shard Campaign, must now lock at least 50% of their claimable tokens. The lock-in can be done through one of three methods: Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. Non-compliance will lead to the redistribution of unvested ENA to compliant users.
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply.
What is the ethena protocol?
Ethena (ENA) is a decentralized stablecoin protocol offering a synthetic dollar for DeFi and Web3 uses. It employs a delta hedging strategy to ensure stability, scalability, and censorship resistance. The protocol includes a governance token, ENA, which has potential for significant growth.
Ethena, a synthetic dollar protocol built on Ethereum, is offering an airdrop of ENA tokens to users who have interacted with the platform.