On April 2, DeFi protocol Ethena Labs will airdrop 750 million ENA governance tokens to individuals within the Ethena Shard Marketing campaign. The amount of cash distributed can be 5% of the whole circulation of 15 billion. Customers will obtain the variety of tokens akin to the factors collected within the Ethena Shard Marketing campaign till April 1. The belongings should be obtained inside 30 days. Unclaimed ENA can be additional divided amongst all airdrop individuals.
Ethena is an artificial USDe protocol constructed on high of Ethereum (ETH). The challenge provides passive earnings, and its coin is positioned as a stablecoin. Ethena makes use of liquid Ethereum tokens as underlying belongings, similar to stETH of the Lido protocol. USDe value stability, in line with 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. In response to this indicator, the asset ranks fifth among the many largest stablecoins in the marketplace, in line with CoinGecko.
Picture: thedefiant
