Table of Contents
Toggle
Ethena (ENA) Lockup, Reward Points Doubled
Exchange Wallet Integration
Ethena (ENA) Sets New All-Time High
Ethena (ENA) Lockup, Reward Points Doubled
On April 8th, the stablecoin protocol Ethena announced that it will further increase the rewards for the second quarter airdrop points program “Sats”. Users who lock up more than 50% of their ENA holdings in the wallet will receive the following benefits:
50% increase in rewards
Daily rewards higher than all other pools
Sats points will be multiplied by 30
The initial lockup limit for ENA is set at $200 million, and it will be adjusted to increase in the future. The lockup period for ENA is 7 days.
Exchange Wallet Integration
Users who lock up USDe in the exchange’s Web3 wallet for at least 7 days will receive an additional 20% increase in Sats points, including:
Advertisement – Continue scrolling for the rest of the article
Binance
Bybit
OKX
Bitget
The wallet integration for exchange Web3 wallets will begin on April 10th at 20:00 Taiwan time.
Ethena (ENA) Sets New All-Time High
After the official announcement by Ethena, the governance token ENA immediately surged over 20% and reached a new all-time high.
According to previous reports, Ethena’s second quarter plan will introduce BTC as collateral, which is expected to further expand the USDe supply to over $10 billion.
The “Sats” points program 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, introduces Bitcoin as collateral
)
ENA/USDT
ENA
Ethena
Further Reading
Arthur Hayes: Profit Taking on SOL and Meme Coins, Waiting to Shine in May
Ethena (ENA) Adds BTC Support Positions, Expanding USDe Scale.