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Ethena is a synthetic dollar protocol built on Ethereum, providing a crypto-native solution for money that isn't reliant on traditional banking infrastructure. It also offers a globally accessible dollar-denominated savings instrument called the 'Internet Bond'. The protocol's synthetic dollar, USDe, will be the first censorship-resistant, scalable, and stable crypto-native solution for money. This will be achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to use throughout DeFi.
Ethena is conducting an airdrop, distributing 5% of the total supply of ENA tokens to users who have interacted with Ethena and collected shards. Users who collected shards until April 1st, 2023 are eligible for the airdrop.
Season 2 of the airdrop campaign has commenced, and it will airdrop at least 10% of the total supply. This campaign will continue until September 2nd, 2024, or until the USDe supply hits $5 billion. In Season 2, “Shards” have been replaced with “Sats”. Users who mint, provide liquidity, and stake USDe will continue earning sats and be eligible for future airdrops. Additionally, you can earn more sats for each referral and by locking ENA.
Want to see your airdrop here? Add Airdrop
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Ethena
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