Long

Ethena | ENA & Airdrop

Updated

Ethena Labs airdropped a total of $450 million worth of tokens to participants and The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena tokens on April 2

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument the 'Internet Bond'

Ethena 24 hour trading volume of 1.6 billion dollar and the price is up 20% is so far
the marketcap just passed 1.1 billion dollar and It has a circulating supply of 1,425,000,000 ENA coins and a max. supply of 15,000,000,000 ENA coins

despite BTC correction ENA had strong start and trying to hit 0.85 and 1$
we are in pre halving moments so dont become greedy and use stoploss, no matter what you trade

Trade active

we hit our first and second targets

Note

Ethena Labs has announced that the Singularity Roadmap proposal for Frax Finance has been approved, which includes allocating funds up to $250 million to USDeFRAX POL through the Curve AMO. FRAX has begun adding USDe POL, diversifying the sources of yield for FRAX with this liquidity pool.

Note

Ethena Labs has announced Staking in Season 2 campaign. The initial lock cap is set at 200M

Note

Ethena has distributed another 20% airdrop to all accounts

Trade active

Note

Ethena's earnings after deducting the share of sUSDe holders' earnings were -1.61 million US dollars, the first negative earnings in a single week. The Revenue captured by Ethena is the total staking income generated by the PoS, the positive funding rate of the perpetual contract, and the USDe minting fee; the profit is the income minus the cost (the share of earnings of sUSDe holders)

Note

Ethena is the fastest growing stablecoin in history. It achieved a TVL of 2.3B since February
Instead of your $$$ just retaining value, with Ethena, your capital accrues yield

Here’s a breakdown of how Ethena works with just $100 in the system
1/ A user puts in $100
2/ The money is converted into collateral assets like ETH or
3/ These assets are leveraged to open a short position on exchanges
4/ The user gets 100 USDe, a stablecoin backed by both a long and a short position to maintain the value of the $100

This is called the delta neutral strategy. For every dollar in Ethena, there is a:
1/ Corresponding long position (which profits when the price increases) and…
2/ A simultaneous short position (which profits when the price decreases) for the selected asset

Ethena is able to boost its yield through:
Funding rates & Holding staked Ethereum as part of their collateral, which currently yields about 4%

moonypto

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