On April 2, DeFi protocol Ethena Labs will airdrop 750 million ENA governance tokens to members within the Ethena Shard Marketing campaign. The amount of cash distributed will likely be 5% of the full circulation of 15 billion. Customers will obtain the variety of tokens equivalent to the factors accrued within the Ethena Shard Marketing campaign till April 1. The belongings should be acquired inside 30 days. Unclaimed ENA will likely be additional divided amongst all airdrop members.
Ethena is an artificial USDe protocol constructed on high of Ethereum (ETH). The mission provides passive earnings, and its coin is positioned as a stablecoin. Ethena makes use of liquid Ethereum tokens as underlying belongings, corresponding to stETH of the Lido protocol. USDe worth stability, in response to the builders, is ensured via a impartial hedging course of on centralized (CEX) and decentralized (DEX) exchanges.
Due to the Ethena Shard Marketing campaign, the stablecoin’s capitalization has reached $1.3 billion. Based on this indicator, the asset ranks fifth among the many largest stablecoins in the marketplace, in response to CoinGecko.
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