{"id":28355,"date":"2024-03-28T15:00:49","date_gmt":"2024-03-28T15:00:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethena-labs-announces-750-million-ena-airdrop-for-its-community\/"},"modified":"2024-03-28T15:00:49","modified_gmt":"2024-03-28T15:00:49","slug":"ethena-labs-announces-750-million-ena-airdrop-for-its-community","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethena-labs-announces-750-million-ena-airdrop-for-its-community\/","title":{"rendered":"Ethena Labs announces 750 million ENA airdrop for its community"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethena-ena-airdrop-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethena-ena-airdrop-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethena-ena-airdrop-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/ethena-ena-airdrop-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Ethena Labs has announced that the ENA airdrop is set for April 2, with trading on exchanges also open.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Eligible Shard Campaign participants will be airdropped tokens amounting to 750 million, or 5% of ENA supply.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Ethena Labs is set to mark the next step in its decentralization with one of the biggest airdrops in the <a href=\"https:\/\/coinjournal.net\/news\/\">crypto market<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ethena Labs team <a href=\"https:\/\/mirror.xyz\/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341\/uCBp9VeuLWs-ul1b6AOUAoMg5HBB_iizMIi-11N6nT8\" target=\"_blank\" rel=\"noopener\">announced<\/a> that the highly anticipated ENA token airdrop happens next week, on April 2. Trading on <a href=\"https:\/\/coinjournal.net\/news\/tag\/crypto-exchange\/\">crypto exchanges<\/a> also opens on the day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the update, the DeFi protocol\u2019s community will receive a distribution of 750 ENA tokens, which represent 5% of the total supply of 15 million ENA tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ENA distribution follows Ethena\u2019s mainnet launch in February and marks the end of the project\u2019s \u201cShard Campaign\u201d. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Users\u2019 engagement and accumulation of \u201cshards\u201d ends on April 1, allowing the community to claim ENA tokens from April 2.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">ENA airdrop: Who\u2019s eligible?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to an announcement from Ethena Labs, airdrop eligibility will be pegged on users\u2019 shards accumulation up to the snapshot date on April 1. During this program, the USDe stablecoin\u2019s supply rose to over $1.38 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Participants must have held onto their staked USDe to qualify. Unstaking or selling USDe before this date will see participants become ineligible for the ENA airdrop.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, following an exploit on DeFi protocol Prisma Finance, a \u201c21 day lock on the mkUSD&lt;&gt;USDe pool on Ethena\u201d was lifted. The exploit on Prisma on Thursday saw more than $10 million in assets stolen and the Ethena team acknowledged the need to allow users immediately withdraw their funds.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cUsers will not lose any shards or accrued rewards for withdrawing from this pool,\u201d Ethena Labs posted on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are aware of the ongoing issues with our friends at <a href=\"https:\/\/twitter.com\/PrismaFi?ref_src=twsrc%5Etfw\">@PrismaFi<\/a><\/p>\n<p>The 21 day lock on the mkUSD&lt;&gt;USDe pool on Ethena has been lifted with immediate effect so users can withdraw as required<\/p>\n<p>Users will not lose any shards or accrued rewards for withdrawing from this pool <a href=\"https:\/\/t.co\/NEGXegqMVp\">https:\/\/t.co\/NEGXegqMVp<\/a><\/p>\n<p>\u2014 Ethena Labs (@ethena_labs) <a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1773335999269175661?ref_src=twsrc%5Etfw\">March 28, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Notably, the top 2,000 wallets eligible for the airdrop will receive 50% of their allocation and have the other 50% subject to a 6-month vesting schedule.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The remaining wallets, which are currently eligible for smaller allocations, are set to enjoy the full liquidity of airdropped tokens starting April 2.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethena-labs-announces-750-million-ena-airdrop-for-its-community\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Ethena Labs has announced that the ENA airdrop is set for April 2, with trading on exchanges also open. Eligible Shard Campaign participants will be airdropped tokens amounting to 750 million, or 5% of ENA supply. Ethena Labs is set [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28355"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28355"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28356"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}