Ethena increases second season airdrop rewards, ENA token price hits all-time high

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Ethena ENA Lockup, Reward Points Doubled

The stablecoin protocol Ethena announced on April 8th that it will further increase the rewards for the second quarter airdrop points event "Sats". Users who lock up more than 50% of their ENA in the wallet will receive:

• 50% increase in rewards

• Daily rewards higher than all other pools

• Sats points will increase by 30 times

The initial lockup limit for ENA is set at $200 million, which will be adjusted in the future to increase. The lockup cooling period for ENA is 7 days.

Today we introduce $ENA into Season 2 in order to more closely align the growth in USDe with $ENA

Users who lock $ENA at a minimum of 50% of their total USDe holdings per wallet will receive

i) 50% increase in their rewards
ii) the highest number of rewards per day of any pool pic.twitter.com/zxVmpGZSN6

— Ethena Labs (@ethena_labs) April 8, 2024

Exchange Wallet Integration

Users who lock up USDe in exchange Web3 wallets for at least 7 days will also receive an additional 20% increase in Sats points, including:

• Binance

• Bybit

• OKX

• Bitget

The exchange Web3 wallet points increase will start at 8:00 PM on April 10th (Taiwan time).

Ethena ENA Hits All-Time High

After the official announcement of the governance token ENA by Ethena, it immediately rose by over 20% and reached an all-time high.

According to previous reports, Ethena's second-quarter plan will introduce BTC as collateral, expecting to further expand the USDe supply to over $10 billion.

The "Sats" points event will last for 5 months until September 2, 2024, or when the USDe supply reaches $5 billion.

The stablecoin protocol Ethena airdrops 750 million ENA tokens and will introduce Bitcoin as collateral asset.