Ethena Labs, an Ethereum-based DeFi protocol, has integrated Bitcoin as collateral for its USDe synthetic dollar-pegged product. Whales are withdrawing and staking ENA tokens due to Ethena Season 2 rewards, leading to a surge in ENA token value. ENA token surged by 15% and 20% following reward boosts, with USDe reaching a market cap of over $2 billion. Ethena Labs has boosted staking rewards, resulting in price increases for ENA token. The protocol offers a synthetic dollar alternative and a structured derivatives product.
Learn all about $ENA - the governance token for @ethena_labs! Ethena is a #DeFi protocol focused on creating a synthetic dollar (USDe) and a DeFi bond system that operates outside the traditional banking framework 🙌 Get the insights: https://t.co/gBvNT3vqga https://t.co/6FXczxHwCx
🔥 Join our Ethena Bonus Event 🔥 @ethena_labs is a synthetic dollar protocol built on Ethereum. Stake USDe with #OKXDeFi, and you could earn up to 120% in Sats! Start today & see your rewards increase daily: https://t.co/WifHBQdNy8 https://t.co/eAAgstzzUS
Since the launch of #Ethena Season 2 staking rewards, 10 wallets have withdrawn more than 1M $ENA from exchanges and staked it, totaling 37.5M $ENA($51M). Another wallet"0x523b" spent 436 $ETH($1.6M) to buy 1.16M $ENA at $1.39 and staked it. https://t.co/hBM0Czfk2r https://t.co/dybjkxOST1
582 mShards = 1 ENA 🚀 Lock your $MNT now to unlock 2.5 billion @ethena_labs Shards 🔓 Stay tuned for additional information coming your way regarding the Mantle Sharding With ETH ena event Lock your $MNT now: https://t.co/4ZXlpI8kVt https://t.co/x2kWHRBB2r
🧠 $ENA soars by 15% as Ethena Labs boosts staking rewards in Season 2 update. $TON surged by 20.4% after #TON launched a $5 Million Toncoin Incentive for Palm-Scanned Digital ID Verification. 🌐 Explore More: https://t.co/BqTVv3zAQa #TheCryptoArk #BybitNews https://t.co/GPDe8istvh
🔥Exciting News! @ethena_labs ( $ENA) token 24-hour price increases 20% after #EthenaLabs boosts ENA staking reward. Guess what will happened next? 🪂🪂🪂 RT+Like+Leave your Bybit Wallet Stay tuned for more surprised👀🙌 #BybitWeb3 #TheCryptoArk #ENA https://t.co/kmQh6x3eJW
USDe is this cycle’s attempt at a decentralized stablecoin alternative. Internet Bond? Structured derivatives product? Synthetic dollar? $USDe has exploded to a market cap of over $2 billion while bootstrapping reserves due to $ENA token incentives from @ethena_labs 🧵 https://t.co/cMmiPnSHD0
ENA Surges 20% to New All-Time High as Ethena Rolls Out Reward Boosts Locking ENA tokens now yields a 50% boost in Ethena’s points program, leading to larger airdrops later this year. 🎈Read more: https://t.co/I57ivipBF9 https://t.co/MjGDChkbuz
ENA, the native token of @ethena_labs, surged by 15% on Monday following the announcement of "season 2," which includes a 50% increase in rewards for a portion of users. Reporting by @oknightcrypto. https://t.co/ZgeR0ua4pa
Whales are withdrawing $ENA from exchanges and staking it due to the #Ethena Season 2 staking rewards. 3 whales withdrew 11.9M $ENA($15.23M) from #Binance and staked it. https://t.co/3UrErMJ2R3 https://t.co/8ZPz0U8U8F https://t.co/AAwOJLz8qk https://t.co/NbMdbF5xdO
JUST IN: Ethena Labs, the Ethereum-based DeFi protocol aiming to provide “Internet native yield,” has added #Bitcoin as collateral for its synthetic dollar-pegged product, USDe. 🤔 https://t.co/EXv788ubks