Ethena ($ENA) is a synthetic dollar protocol on Ethereum that offers a crypto-native solution for stable money, backed by crypto assets and short futures positions, and includes a globally accessible dollar-denominated rewards instrument called the “Internet Bond”. Their season 2 airdrop can now be claimed and season 3 has just started! Here is our Ethena ($ENA) token airdrop guide.
Check out our step-by-step guide:
What is Ethena ($ENA)
Ethena ($ENA) is a crypto platform on Ethereum that creates a synthetic dollar called USDe, backed by crypto assets and futures, offering a stable, crypto-native alternative to traditional banking. Here are Ethena’s ($ENA) main features:
- Synthetic Dollar Protocol: Ethena’s USDe is a synthetic dollar backed by crypto assets and short futures positions, unlike traditional fiat stablecoins.
- Peg Stability: USDe maintains stability through delta hedging derivatives against protocol-held collateral.
- Internet Bond: Combines revenue from staked assets and funding spreads from perpetual and futures markets to create a crypto-native solution for money.
- Crypto-Native Solution: Provides a scalable, fully-backed solution for money without relying on traditional banking infrastructure.
How to claim the Ethena ($ENA) season 2 token airdrop?
The Ethena ($ENA) season 2 token airdrop is available to claim until 30th September 2024. Here is how to claim the Ethena ($ENA) season 2 airdrop:
- Connect your wallet to Ethena ($ENA) airdrop token claim page HERE.
- Claim your Ethena ($ENA) season 2 token airdrop.
- Lock $ENA HERE for a chance to get 30x rewards and 20-100% rewards boost.
- Deposit $ENA on Pendle Points Markets HERE to earn yield and multipliers.
- Restake $ENA on Mellow’s Ethena LRD Vault HERE for rewards.
How to get more Ethena ($ENA) token airdrops?
Time needed: 10 minutes
Here is how to potentially get more Ethena ($ENA) token airdrops.
- Access portfolio
Connect your wallet to https://app.ethena.fi/join/vtvwu and click on “Portfolio”.
- Claim Season 2 airdrop
In your portfolio, scroll down to find your Season 2 airdrop allocation. Follow the steps to claim your airdrop. Make sure you have participated in Ethena’s season 2 token airdrop. This is because only those who had participated in season 2 are eligible for this potential further airdrop.
- Hold position in Ethena
cContinue to hold your position in Ethena to qualify for further airdrops in Season 3 and beyond. Note you must complete these steps by the deadline on 3rd October 2024.
- Participate in governance voting
Go to the latest governance proposal and cast your vote HERE.
- Stay updated for Season 3 Airdrop checker
If you participated in Season 3 airdrop, stay updated! The Ethena Season 3 airdrop checker will go live in the first week of April 2025. Make sure to follow the Ethena team for the official link to avoid scams.
- Participate in Season 4 Rewards Campaign
Ethena is currently running Season Four of their campaign. You need to simply go down to the “How to Earn” area and hold the required assets.
- Interact with Pendle
Go to the Pendle section and interact with Pendle by providing liquidity to earn extra rewards.
