The stablecoin project Ethena, led by Arthur Hayes, officially launched its stablecoin USDe on February 19, providing more than 30% of the pledged APY, and launched two rounds of Shard Campaign to allow participating users to accumulate shards Rewards, the event lasts until April 1st. In less than 6 weeks, the market value of USDe has now exceeded US$1.35 billion, attracting more than 100,000 participants, which shows that the market is very concerned about it.
Extended reading: Satoshi Dollar is coming! The annual growth rate of the stablecoin USDe led by Arthur Hayes exceeded 27%, ambushing Ethena airdrops and interactive teaching
Ethena announces $ENA airdrop plan
Today, Ethena officially announced the airdrop plan for its token $ENA. Users who participate in the fragment reward event until the end can receive $ENA on April 2, and the collection period will last for 30 days. The total supply of $ENA is 15 billion, and the initial circulation is 1.425 billion. This airdrop of 5% of the total supply means that 750 million tokens will be issued to users.
In terms of token economy, core contributors and ecological development account for the most, each accounting for 30% of the total supply, while the remaining investors and foundations account for 25% and 15% of the total supply respectively. The official also announced that the second season incentive event "Sats Campaign" will be launched on April 2.
4/2 Claim$ENA Website (not yet open): claim.ethena.fi or go to its official website , there will be a "Claim" button to click.
Short investment qualification
According to the official statement, users who are eligible for ENA air investment must maintain or increase their USDe balance from March 26 to April 2, and do not perform unstake or unlock actions that reduce their balance. If a user is in an unlocked or unstaking state before March 26th, they will still be eligible for ENA allocations as long as they do not sell their USDe before April 2nd.
Simply put, as long as you do not unstake or unlock after today’s announcement, you are eligible for air investment.
Users who hold the following specific NFT collections will receive 3% of the total amount of ENA in this airdrop, which is 22.5 million ENA:
It is worth noting that the top 2,000 wallets with the most shards can only claim 50% of the $ENA allocated to them immediately on April 2, while the remaining 50% will be released linearly over the next 6 months.
The over-the-counter price of Ethena fragments increased by 50%
According to Whales Market platform data , the latest OTC price of Ethena fragments was US$0.00105, a 50.9% increase from the previous day. A total of 307.1 billion fragments have been distributed so far. The total value of the fragments calculated at this price is US$322 million. This airdrop will distribute 750 million $ENA, so a simple estimate of each $ENA is that the estimated price is about US$0.43.
