Ethena Season 2 staking has officially begun!
If you missed the YT that earned dozens of times in Season 1, the opportunity has come again: ETH network 100M quota, Mantle network 100M quota, among which staking in Mantle will give you extra EigenLayer points, realizing a real two-fish situation; the current quota has been reduced Very soon, friends who want to participate should hurry up. Below are the detailed participation methods.
1/ How to operate
Visit the official website via the invitation link http://app.ethena.fi/join/xultr
Buy USDe with ERC20 USDT
After obtaining USDe, you can choose the following ways to participate based on your risk preferences
2/ How to participate
If you choose to pledge directly, you will receive 20 times the points
If you choose to lock up the sUSDe certificate, you will receive a share of the Ethena project revenue and 2x points.
If you choose to go to Pendle to buy YT, you will get 90 times the theoretical points!
If you just want a stable annualized return, you can also buy PT on Pendle, which currently has an annualized return of up to 100%
3/ How to get 90x points with Pendle
Select "YT USDe" in Pendle. Currently, 1 USDe can purchase 4.5 YT, which is equivalent to 90 times points. However, the principal will decrease over time. Of course, you can also choose to withdraw early at any time.
Portal: https://app.pendle.finance/points/USDe-0x19588f29f9402bb508007feadd415c875ee3f19f-0x1
4/ If you participate in Mantle, you will eat two fish.
Buy $MNT on an exchange and choose Mantle network to withdraw to your wallet (as gas fee)
Cross-chain USDe to the Mantle network through Stargate
Go to Pendle and repeat the above steps
Currently, the Ethereum main network has a remaining quota of 40M, and the Mantle network has a remaining quota of 67M. First come, first served.
