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Ethena Labs 1 Airdrop Strategy

Status

Dropped

Difficulty

Easy

Task Type

Provide liquidity ⓘ

DeFi, Stablecoin, Yield

Funding

$20.5M ⓘ

Backers: DragonFly Capital, Binance Labs, Delphi Digital, OKX Ventures, CMT Digital, Mirana Ventures, Wintermute, Nascent, Maelstorm, GSR, HTX Ventures, Blocktower Capital, Gemini, Deribit, Anthony Sassano, Faction, No Limit Holdings, Cobie

Tasks

Complete these steps to increase your chances of getting an airdrop.

1. Visit app.ethena.fi/join/czq9k

2. Connect a wallet

3. Select “Buy”

4. Swap into USDe from other stables such as USDC/USDT

5. Optionally lock or stake USDe for shards multipliers

6. Optionally engage in third party DeFi platforms such as Pendle for even higher multipler

Ethena Labs Airdrop Summary

Ethena Labs, backed by investors like DragonFly Capital and Binance Labs, has launched a liquidity provision protocol featuring the yield-bearing stablecoin USDe. The airdrop, which has ended, rewarded users with ENA tokens based on participation in the Shard Campaign from February 19 to April 1, 2024. Participants could earn shards by providing liquidity to Curve pools, staking USDe, and holding USDe. The campaign culminated in the distribution of ENA tokens on April 2, 2024, with additional rewards tied to user contributions.

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