Charlie Garcia
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument – the ‘Internet Bond’.
Ethena’s synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi.
Ethena has raised $20M in funding with backing from investors like Binance, Dragonfly, and Wintermute. They have confirmed to launch their own token “ENA” and do an airdrop to users who’ve collected shards. The claim would go live on April 2nd. Season 2 of the shards campaign will go live soon as the claim begins. So users who mint, provide liquidity and stake USDe will continue earning shards. Also, earn more shards for each referral.
- Visit the Ethena app page.
- Connect your Ethereum wallet.
- Accept the terms and continue to the dashboard.
- You will need any one of the stablecoins like USDT, USDC, DAI, FRAX, etc. You can get it from Binance.
- Now go back to Ethena and click on “Buy”.
- Swap your stablecoins for USDe (Ethena’s synthetic dollar).
- Go to “Stake” and stake some USDe.
- Also, provide some liquidity to some of the available pools.
- You will earn points in the form of shards for doing the above tasks.
- Also, earn 10% of the shards from each referral.
- They have confirmed to launch their own token “ENA” and do an airdrop to users who’ve collected shards.
- Season 1 of the Shards campaign will end on April 1st. Users can still earn Shards for Season 1 and be eligible for the airdrop.
- The claim will go live on April 2nd. Follow us to stay updated when it does.
- Users who unstake, unlock, or sell all USDe before April 1st will not be eligible for the airdrop.
- Season 2 will begin on April 2nd, so continue earning shards to be eligible for future airdrops.
- For more information regarding the campaign, read this article.
- Please note that there is no guarantee that they will launch their own token or do an airdrop to early users. It’s only speculation.
You’re interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
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Overview