LIVE๐ธโ ๏ธ๐จNew Binance Launchpad Project ๐จโ ๏ธ๐ธ
Ethena (ENA) Is the new Binance Launchpad Project that you can stake $BNB and $FDUSD to earn rewards!
The lauchpad is set to start in approximately 12 hours as of this post. So get in will you can.
Rewards are set to 80%BNB and 20% FDUSDT so I suggest you grab your money and split it 80/20 and stake it before it starts!
All Finance launchpad projects have been a big success lately and Ethena is no different.
๐This is what they have to say on their website:๐
"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.
USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral.
The 'Internet Bond' will combine yield derived from staked Ethereum as well as the funding & basis spread from perpetual and futures' markets, to create the first onchain crypto-native 'bond' that can function as a dollar-denominated savings instrument for users in permitted jurisdictions."
You can stake money in their website to Earn Shards. This is still in Epoch 2 (pre-launch season).
You can join throught the referral https://app.ethena.fi/join/ryta5
For extra 10% rewards
With Ethena you will stake money and provide liquidity to earn shards. So DYOR and see if you want to provide liquidity in the Launchpad or on their website, or both.
Since it's Beta I suggest you do both!
