Ethena stablecoin protocol airdrops 750 million ENA tokens, will introduce Bitcoin as collateral asset

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Ethena Issues Governance Token ENA

According to the official announcement, stablecoin protocol Ethena has announced the airdrop of governance token "ENA" on April 2nd.

The airdrop criteria are based on the Fragmentation Points Campaign Epoch 2 launched on February 26th, with the campaign ending on April 1st and a snapshot taken on March 26th. Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop.

A summary of the airdrop is as follows:

• ENA will be distributed linearly based on points on April 2nd.

• 50% of the claimed airdrop will have a vesting period of 6 months.

• 7.5 billion ENA tokens will be airdropped, accounting for 5% of the total supply.

• The claiming website Claim.ethena.fi will be live on April 1st.

• Unclaimed ENA will be reallocated in the second quarter and will not be retained by Ethena's core contributors or foundation.

Note: This is the only official Ethena website, and you can also visit through app.ethena.fi. Do not click on any third-party links.

ENA Tokenomics

• Total Supply: 15 billion

• Initial Circulating Supply: 1.425 billion

• Foundation: 15%

• Investors: 25% first year 25%, linear unlock monthly thereafter

• Ecosystem Fund: 30%

• Core Contributors: 30% Ethena Labs team and advisors, 25% unlocked in 1 year

Second Season of the Campaign Sats, Introducing Bitcoin as Collateral

Following the conclusion of the airdrop distribution, Ethena will immediately launch the next phase of the airdrop campaign, "Sats."

Ethena plans to introduce BTC as collateral, expecting to expand the USDe supply beyond 10 billion USD.

The "Sats" campaign will run for 5 months until September 2, 2024, or until the USDe supply reaches 5 billion USD.