Ethena’s Second Season Airdrop Rewards Enhanced, ENA Coin Price Hits Historical High

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Ethena (ENA) Lock-up, Reward Points Doubled
Exchange Wallet Integration
Ethena (ENA) Sets New Historical High
Ethena (ENA) Lock-up, Reward Points Doubled
On April 8th, the stablecoin protocol Ethena announced that it will further increase the rewards for the second quarter airdrop points activity “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 be multiplied by 30
The initial lock-up limit for ENA is temporarily set at $200 million, and it will be adjusted to increase in the future. The lock-up cooldown period for ENA is 7 days.
Exchange Wallet Integration
Users who lock up USDe in the exchange’s Web3 wallet for at least 7 days will also receive an additional 20% boost in Sats points, including:
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Binance
Bybit
OKX
Bitget
The integration of exchange Web3 wallet points boost will start at 20:00 on April 10th, Taiwanese time.
Ethena (ENA) Sets New Historical High
Ethena governance token ENA immediately rose by over 20% and reached a new historical high after the official announcement.
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 activity will last for 5 months until September 2nd, 2024, or when the USDe supply reaches $5 billion.
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Stablecoin protocol Ethena airdrops 750 million ENA tokens, introducing Bitcoin as collateral
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ENA/USDT
ENA
Ethena

Further Reading
Arthur Hayes: Profit-Taking on SOL and Meme Coins, Awaiting May’s Grand Performance
Ethena (ENA) Adds BTC Support Positions, Expanding USDe’s Scale