Ethena Labs has been making waves within the DeFi area, particularly with their Shard Marketing campaign shaking issues up. Ethena Labs began the Shard Marketing campaign to get extra individuals concerned and increase their platform’s stability and development. The concept was easy: reward customers for contributing to the platform’s liquidity, making it extra strong and environment friendly.
What Occurred in Epoch 1?
Epoch 1 was all about getting customers so as to add liquidity to particular swimming pools and inspiring them to carry onto Ethena’s foreign money, USDe. The response was large! In simply 5 days, USDe grew to over $440 million, with $100 million added to those swimming pools. Some swimming pools even hit their max of $15 million in lower than half an hour. This success was tracked utilizing numerous on-line dashboards, giving everybody a transparent view of the affect.
Dune Dashboards:
- hildobby
- hodlduck
- noxiousq
Though Epoch 1 was deliberate to final two weeks, Ethena Labs determined to not wait and moved on to Epoch 2 sooner. This exhibits they’re eager on retaining the momentum going and never slowing down to stay to a schedule.
Ethena Labs Enters Epoch 2
Beginning February twenty sixth, Epoch 2 brings new methods to take part and earn rewards. Right here’s what’s new:
- Extra Room for Liquidity: They’ve elevated the bounds for sure swimming pools and added a brand new one in partnership with Maker and Aave. Should you add your funds to those swimming pools, you’ll be able to earn 20 shards every day for every token. However, for one particular pool, you’ll have to deposit in a sure technique to be eligible for shards.
- Doubling Down on USDe Locks: The utmost quantity of USDe you’ll be able to lock (and earn rewards on) has been raised from $100 million to $200 million. This implies extra alternatives to earn 10 shards each day for every USDe you lock.
- Teaming Up with Pendle Finance: It is a new twist. Now you can deposit USDe into Pendle Finance as much as a particular restrict and earn shards. As soon as that restrict is reached, they’ll open up new choices. Extra particulars will come out quickly, straight from Ethena Labs and Pendle Finance.
What’s the Large Deal?
Epoch 2 isn’t simply one other part; it’s Ethena Labs’ means of doubling down on their dedication to creating their platform higher and extra rewarding for customers. By increasing the methods you’ll be able to earn rewards and partnering with different massive names within the DeFi area, they’re ensuring there’s one thing for everybody.
So, as we step into Epoch 2, it’s clear that Ethena Labs is all about pushing ahead, exploring new prospects, and ensuring their group is true there with them, benefiting each step of the way in which.