Bittime - Ethena Labs, developers of USDe (Ethena stablecoin), announced the launch of the second season of their Sats Campaign (Ethena Season 2). This second season starts on April 2, 2024.
In this launch, Ethena also announced an ENA token airdrop. Without hesitation, they distributed 750 million ENA tokens, you know!
Ethena Season 2: Bigger Prizes
Ethena Season 2 will use “Sats” instead of “Shards” to better reflect the campaign's focus on Bitcoin (BTC). This campaign will run for five months, until September 2, 2024 or until USDe supply reaches $5 billion. Interestingly, the underlying asset used in this campaign is BTC.
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Apart from that, there is good news for loyal users! Ethena is providing increased rewards for the second quarter for users who maintain their USDe holdings in the first quarter unchanged.
Ethena: A Decentralized Banking Alternative
Ethena operates as a Liquid Staking Derivative (LSD) protocol built on Ethereum. This protocol offers a decentralized alternative to traditional banking systems.
Also read: Everything You Need to Know About Ethena (ENA) Listing on Binance
Through USDe, Ethena Labs aims to provide better profitability opportunities to its users.
More Rewards Options and New Partners
In addition to the launch of season two, Ethena Labs also announced new reward options and partners, including collaborations with MakerDAO and Morpho.
Ethena will also reopen existing pools, such as the USDe Pendle pool, for user participation in Season 2. Additionally, new pools resulting from collaboration with Pendle will also be introduced.
Also Read How to Buy Crypto:
750 Million Free ENA Tokens for USDe Holders!
Previously, Ethena planned to distribute their governance tokens via an airdrop scheduled for April 2. This airdrop will distribute 750 million ENA tokens, equivalent to 5% of the total supply, for free to users holding USDe.
However, it is important to note that users must retain their USDe (not unstake, unlock, or sell) before the specified date to be eligible for the airdrop.
Also read: What is Ethena (ENA)? Synthetic Dollar (USDe) DeFi Protocol
Token claims can be made starting April 2, coinciding with the listing of ENA tokens on centralized exchanges. After the airdrop, Ethena plans to hold other reward activities in the next stage.
Interested in getting free ENA tokens and other benefits? Keep following the development of Ethena Season 2!
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Ethereum (ETH) 2.0 and how is it different from Ethereum
Ethereum History Story: How Ethereum Became Popular
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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