- Ethena Protocol announces the launch of its ENA token aligned with the protocol’s sustainable strategies
- The protocol also announced the ENA token distribution features vesting schedule.
- The new Shard Campaign will introduce Sats Campaign, focusing on Bitcoin integration and boosted rewards.
Recently, the widely growing Ethena Protocol announced the launch of the ENA token. This launch marks a significant milestone in the evolution of digital currencies.
Notably, the protocol’s USDe supply has surged to over $1 billion, making it one of the fastest USD-denominated assets to reach this milestone in crypto history. This feat underlines Ethena’s position as a new emerging leader in the DeFi landscape.
With its growing ecosystem, Ethena has attracted key players in the DeFi space, including MakerDAO, Frax, Curve Finance, and Aave, among others. These integrations also show the growing relevance and adoption of Ethena’s USDe stablecoin within the broader DeFi ecosystem.
Scheduled for April 2nd, users will have the opportunity to claim their share of 750 million ENA tokens, representing 5% of the total supply, based on their accumulated shards—a measure of their contribution to the Ethena ecosystem.
To ensure the longevity and sustainability of the ENA token distribution, a vesting schedule has been implemented particularly for the top 2000 wallets and holders of Pendle’s YT token. This vesting mechanism aims to give incentives to long-term participants of the Ethena ecosystem.
Furthermore, the ENA tokenomics outlines a distribution plan that allocates tokens to core contributors, investors, the foundation, and ecosystem development initiatives. These allocations reflect Ethena’s commitment to fostering growth, innovation, and community engagement within the DeFi space.
Ethena is about to begin its second season of the Shard Campaign, aptly named the Sats Campaign. This new campaign comes along with the protocol’s aim of Bitcoin as a backing asset.
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