Ethena Stablecoin Protocol Airdrops 750 Million ENA Tokens, Introducing Bitcoin as Collateral Asset
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Ethena issues governance token ENA
ENA Tokenomics
Season 2 Staking Activity Sats, Introducing Bitcoin as Collateral
Ethena Issues Governance Token ENA
According to an official announcement, stablecoin protocol Ethena has announced the airdrop of governance token “ENA” on April 2nd.
The airdrop criteria are based on the Shard Point Activity Epoch 2, which started on February 26th, and the activity will end on April 1st (snapshot on 3/26). Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop.
The summary of the airdrop is as follows:
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ENA will be distributed linearly based on the 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.
Claiming website
Claim.ethena.fi
will be effective on April 1st.
Unclaimed ENA will be reallocated in the second quarter and will not be held by Ethena core contributors or the foundation.
Note: This is the only official Ethena website, which can also be visited 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% (25% for the first year, linear unlock afterwards)
Ecological Fund: 30%
Core Contributors: 30% (Ethena Labs team and advisors, 25% unlock after 1 year)
ENA Token Distribution
Season 2 Staking Activity Sats, Introducing Bitcoin as Collateral
After the airdrop distribution, Ethena will immediately launch the next phase of the airdrop activity called “Sats.”
Ethena plans to introduce BTC as collateral, expecting to further expand the USDe supply to over 10 billion dollars.
The “Sats” activity will last for 5 months until September 2, 2024, or when the USDe supply reaches 5 billion dollars.
Ethena
USDe
USDT
Further reading
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