Bitget Wallet, which has established itself as one of the leading Web3 wallets, recently announced a strategic partnership with Ethena, an up-and-coming innovative Ethereum platform.
The partnership paves the way for users who have deposited more than 100 USDT (approximately USD 1,621,500) in Ethena over the past three months to receive an airdrop of BWB points, which in the future can be converted into BWB tokens.
Ease of Access and New Incentives
The partnership introduces Ethena's ease of access through the Bitget Wallet mobile app and browser extension, making it easy to manage token transactions, staking, as well as participation in Pendle campaigns and USDe trading. Users can also enjoy a new incentive, where those who maintain the USDe stablecoin on Bitget Wallet for a minimum of seven days will get a 20% increase in rewards.
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New Programs
Bitget Wallet has launched the BWB Ecosystem Partner Program, which aims to increase participation in the DeFi sector and promote the growth of collaborative projects. The program connects more than 70 blockchains and projects, including Ethena, which awards BWB Points as rewards to eligible users.
With plans to start a Token Generation Event (TGE) and Initial Exchange Offering (IEO) in the second quarter, BWB point holders will be able to convert their points into BWB tokens and start receiving dividends from Bitget Wallet's growth in the Web3 ecosystem.
BWB Points Airdrop: An Opportunity for Ethena Users
Bitget Wallet has started a BWB Points airdrop campaign aimed at Ethena users who have made transactions of at least 100 USDT (approximately IDR 1,621,500) in the past three months. Eligible participants will be awarded BWB Points, which can later be converted into BWB tokens. The campaign runs until April 28 and is open to new and existing Bitget Wallet users, as well as other active Web3 wallet users.
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Ethena USDe Stablecoin Performance
Ethena has shown strong performance in the past month, with its stablecoin USDe being the best-performing decentralized application in terms of revenue, offering an APY of 67%.
Currently, the APY of the stablecoin stands at 24%. USDe Ethena offers the first censorship-resistant, scalable, and crypto-native money solution, which is fully supported and transparently recorded on-chain, enabling seamless integration across the DeFi ecosystem. The stability of the USDe peg is maintained through delta hedging, which balances the position of derivatives against the collateral held by the protocol.
Conclusion
The partnership between Bitget Wallet and Ethena opens up new opportunities for users to leverage blockchain technology and enrich their experience within the Web3 ecosystem.
With attractive incentives and easier access, users can explore different aspects of DeFi more conveniently and efficiently. This initiative not only demonstrates both entities' commitment to innovation but also confirms their position as leaders in the evolution of digital finance.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the 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:
From Bitcoin Halving 2024 to Bitcoin Halving 2028, What Will Happen to Bitcoin Halving?
What is Ethena (USDe)? Digital Payment Solutions
Crypto Wallet Comparison: Hardware vs Software Wallet
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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