Ethena

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 Season 2 airdrop claim is now live where they have allocated 5% of the total ENA supply. Ethena announced that sENA is live as the liquid receipt token for locked ENA. This allows users to maintain liquidity with their staked ENA position.

sENA will now earn the highest daily multiplier rewards at 40X in season 3. Season 3 will run for 6 months until March 23, 2025. New sENA pools will also be live on Pendle soon.

Step-by-Step Guide:
  1. Visit the Ethena app page.
  2. Connect your Ethereum wallet.
  3. Now visit the Season 2 airdrop claim page.
  4. If you’re eligible, you will be able to claim sENA tokens.
  5. Season 3 of the airdrop campaign is currently live and and it will be ongoing until March 2025.
  6. Go back to Ethena and connect your wallet.
  7. You will need any one of the stablecoins like USDT, USDC, DAI, FRAX, etc. You can get it from Binance.
  8. Now go back to Ethena and click on “Buy”.
  9. Swap your stablecoins for USDe (Ethena’s synthetic dollar).
  10. Go to “Stake” and stake some USDe.
  11. Also, provide some liquidity to some of the available pools.
  12. Lock ENA for a sats boost.
  13. You will earn points in the form of sats for doing the above tasks.
  14. USDe is also now live on Solana. Connect your Solana wallet to the Sats page and delegate an Ethereum wallet where would you like your Sats to go to.
  15. Now earn 5x Sats for sUSDe collateral and 20x for USDe collateral on Kamino. Also, earn 30x sats per day by providing liquidity to USDe and sUSDe pairs vs PYUSD on Orca. For more info, see this tweet.
  16. Also, earn 10% of the sats from each referral.
  17. sENA is live as the liquid receipt token for locked ENA, allowing users to maintain liquidity with their staked ENA position.
  18. For more information regarding the Season 3 campaign, read this article.

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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Estimated Value

n/a

Tokens per Claim

n/a

Max. Participants

Unlimited

Overview