Binance continuously Launchpool, this time the next project that Binance lists on the Pool is the Ethena Labs (ENA) project.

Users will be able to Stake BNB and FDUSD to receive ENA completely free

Staking time: 3 days from 07:00 March 30, 2024 - 6:59 April 2, 2024

ENA token will be listed at 15:00 April 2, 2024

Details of the ENA launch pool on Binance Launchpool

Token name: Ethena (ENA)

Maximum supply: 15,000,000,000 ENA

Launchpool Reward: 300,000,000 ENA (2% of supply)

Initial circulating supply: 1,425,000,000 ENA (9.5% of supply)

Launchpool details đây

Brief information about Ethena (ENA)

1. Ethena is the first project to introduce the Stablecoin model with the highest profit threshold of ~ 30%. Ethena is also highly appreciated by funds when raising more than $20M, Dragonfly alone leads 2 rounds of funding, and also has an impressive launch with more than $1.3B TVL after only 3 months of launching the platform.

Stablecoin profits come from Staking Reward by using LST as collateral and Funding Rate fees of Short ETH positions on CEX. Staking rewards from LST are only about 3% to 4% but Funding Rate fees are higher, ranging from 0% to 20% per year.

The project is highly appreciated by leading investment funds in the market such as Binance Labs, Dragonfly Capital, Lightspeed, etc. However, there are also many mixed opinions about the risks of this project from analysts in the market. .

2. Ethena has 2 main products: USDe and sUSDe

- USDe: Is a Stablecoin peg peg 1:1 with USD. Stable assets such as USDC, USDT, DAI, crvUSD, mkUSD, GHO can be used to buy USDe on the DEX or right in the Ethena user interface.

- sUSDe: An asset that brings profits from accumulating Staking Reward and Funding Rate. sUSDe initially had the same value as USDe, but as time went on, 1 sUSDe became more valuable than 1 USDe. This model is similar to rETH or wstETH

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