Ethena Labs has announced a strategic partnership with Kava and is expanding beyond the Ethereum ecosystem, incentivizing Kava users for exchanging USDT and USDC into USDe with additional rewards for swaps on Kava. Ethena's synthetic dollar, USDe, is now live on Ramses Exchange, offering a censorship-resistant, scalable, and stable crypto-native solution for money through delta-hedging staked Ethereum collateral. Furthermore, Ethena has introduced the ENA token, with a 5% airdrop to users, and detailed the shards program, which began 36 days ago, offering significant APR returns for locking USDe. The total supply of ENA tokens is 15 billion, with nearly $600 million worth of ENA to be distributed at $0.751 per $ENA, resulting in a 605.9% APR and an 11.3B FDV. The shards program produces 8.3B shards/day, with a 340B upper bound on shards and 750M $ENA airdropped. Ethena is also joining ZircuitL2's Build to Earn program to bring USDe to the ecosystem, with native integration on Zircuit's Mainnet.
It looks like those that locked stables on Ethena from the beginning at rate of 20 shards/day got their entire deposit back in $ENA. Something like 1000% APR for stablecoins (over 36 days, ENA = $0.6 on aevo) π€―. I was a tad late and did half just USDE so I got like a 550% aprβ¦
.@ethena_labs has announced $ENA token launch details. β«οΈThe Shard Campaign will conclude on 1st April β«οΈ$ENA can be claimed on April 2nd alongside the token listing on CEXs β«οΈThose shards will be used as a measure to distribute 750m $ENA on April 2nd, or 5% of the totalβ¦ https://t.co/W37APB6Es2
So hyped for $ENA Pretty happy with their overall distribution methods - Rewards long term holders - Shares about 2nd Season of points - Vesting helps manage overall sell pressure right off the bat - Major integrations with various different protocols with huge treasuries⦠https://t.co/JN3dTuzwAL
Injective users have until April 1st to earn @ethena_labs Shards! All you need to do is: β Hold $USDe in your Injective wallets to receive 10x shards Where can you obtain USDe on Injective? β‘οΈ @HelixApp_ is the fastest and cheapest way to do so in crypto. 0 gas
Injective users have until April 1st to earn @ethena_labs Shards! All you need to do is: β Hold $USDe in your Injective wallets to receive 7x shards Where can you obtain USDe on Injective? @HelixApp_ is the fastest and cheapest way to do so in crypto. 0 gas.
3% of Ethena supply to a total of 15k NFTs At the moment there are 300b shards and there will be ~320b by next week. Whales market has them traded at .000455 at only 5% of the supply that would value ethena at 2,912,000,000 That means that 3% is ~87m between 15k NFTs https://t.co/bQ45IlIob8
3% of Ethena supply to a total of 15k NFTs At the moment there are 300b shards and there will be ~320b by next week. Whales market has them traded at .000455 at only 5% of the supply that would value ethena at 2,912,000,000 So that means though that 3% is 87m between 15k NFTs https://t.co/AItQ8Omem3
At $0.751 per $ENA this returned *605.9%* APR if you locked USDe (and even higher if you found space in the relevant LP pools) Congrats to everyone that participated https://t.co/KrnLXNeVXw
Some more info on Ethena shards (assuming a linear drop) $1,000 = 603,209 shards $10,000 = 6,032,090 shards $100,000 = 60,032,090 shards - locking 1 USDe provided 10x shards per day - at $0.00166 / shard $0.751 per $ENA => 1.66% return per *DAY* - *605.9%* APR annualized π¬ https://t.co/4BjtCO74oF
Ethena shards program began 36 days ago - 8.3B shards/day - roughly 340B upper bound on shards - 750M $ENA airdropped - 1 / (750M/340B)) = 453 shards per $ENA token At $0.751 per $ENA, this means each shard is worth $0.0016578 https://t.co/HxsXTIniup https://t.co/fKONK9pNpv
Ethena TGE in less than a week - $0.751 per $ENA - 15B tokens total -> 11.3B FDV - 5% supply airdropped Nearly 600M worth of $ENA will be distributed Congrats to everyone who ended up participating and collecting shardsπ«‘ https://t.co/DZv4YPuGFz https://t.co/8OSXgYiZL9
Extremely excited to announce that Ethena is joining @ZircuitL2's Build to Earn program to bring USDe to the ecosystem @ethena_labs will be natively integrating $USDe to Zircuit's Mainnet on day 1. Build alongside us: 1. Use the invite code below 2. Submit your project/idea⦠https://t.co/l4A4DUDxz1
NEWS: Ethena announces $ENA token drop with 5% airdropped to users https://t.co/nErrd7Uhc9
We are excited to announce the first step in decentralizing the Ethena protocol with the launch of: $ENA https://t.co/Xs7vvfmEEP
π @ethena_labs $USD.e is now available on @RamsesExchange π #Ethena's synthetic dollar, $USDe, provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked @Ethereum collateral π½ VISIT https://t.co/YDfaBfyNCBβ¦ https://t.co/svRvMBPISs
It seems like Ethena on Arbitrum has begun π https://t.co/8zvNNjcpgi
β #Definews Daily Digest 26.03.24 β @ethena_labs is partnering up with @KAVA_CHAIN as they venture beyond the @Ethereum ecosystem β @GXChainGlobal has been partnered with @OpenTaskAI β @DivinerProtocol is now partners with @laika_org β @IntentX_ partners withβ¦ https://t.co/4ipr2YcdeN
.@arbitrum are you ready for this? @ethena_labs $USDe is now LIVE on RAMSES π₯ π https://t.co/Io2AgFT4EP
We gonna hit @arbitrum hard at Ethena soon enough
πͺ @ethena_labs is partnering up with Kava as they venture beyond the @Ethereum ecosystem πͺ #Ethena incentivizes #Kava users for exchanging $USDT and $USDC into $USDe, with additional rewards for swaps on Kava π½ VISIT https://t.co/6nzKaj1bIa #Definews $KAVA https://t.co/iJif0QaJiM