Ethena Labs has been making waves within the DeFi house, particularly with their Shard Marketing campaign shaking issues up. Ethena Labs began the Shard Marketing campaign to get extra folks 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 sturdy 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 forex, USDe. The response was big! 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 impression.
Dune Dashboards:
- hildobby
- hodlduck
- noxiousq
Despite the fact that Epoch 1 was deliberate to final two weeks, Ethena Labs determined to not wait and moved on to Epoch 2 sooner. This reveals they’re eager on preserving 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. For those who add your funds to those swimming pools, you possibly can earn 20 shards every day for every token. However, for one particular pool, you’ll have to deposit in a sure method to be eligible for shards.
- Doubling Down on USDe Locks: The utmost quantity of USDe you possibly can lock (and earn rewards on) has been raised from $100 million to $200 million. This implies extra alternatives to earn 10 shards day by day for every USDe you lock.
- Teaming Up with Pendle Finance: This can be 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 Huge 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 possibly can earn rewards and partnering with different huge names within the DeFi house, 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 potentialities, and ensuring their group is correct there with them, benefiting each step of the best way.