In the early morning of today (9/3), Ethena officially announced that the second season airdrop event "Sats" has ended, and will enter the third season airdrop event from now on to accumulate airdrop points for the new season.
Ethena’s second quarter short investment news highlights
$ENA Token airdrop amount: 5% (same as Season 1)
Time to check personal airdrop quantity: 9/9
Token airdrop time: 9/30
Snapshot time: 9/1, calculate the 30-day average position of USDe before 9/1. Before receiving the airdrop tokens on 9/30, if the user's USDe is lower than the holding amount at the snapshot, it will affect the final number of airdrop tokens that can be received (proportionally).
The rest of the rules for the second season airdrop
There is no need to lock the tokens after this issuance, they can be withdrawn at once
Airdrop tokens need to be claimed within 30 days, otherwise they will be redistributed to sENA holders
Unclaimed tokens will be distributed to sENA holders
The top 2,000 largest wallets need to lock up 50% of the airdrop amount and unlock it linearly in six months (same as the first quarter)
New features for the third season airdrop event
Participants in the first or second season will receive bonus points if they continue to participate in the third season.
Users who lock ENA will receive sENA as liquidity tokens (S2 pledgers must manually convert)
The third season will last for half a year until the end of 2025/3/23
For the new Pendle USDe pool, the pool with a 3-month expiration date will be 25x points bonus, and the pool with a 6-month expiry date will be 30x the expiry date.
Participants in the first two seasons who continue to participate in the third season will receive a 10% points bonus
Author's note
First of all, congratulations to my friends for finally welcoming the harvest airdrop!
Compared with the first season, in the second quarter, all airdrop tokens can be withdrawn at one time, so it can be expected that the ENA token will fluctuate significantly after 9/30.
The author is still saying the same thing here. Before ENA can be empowered by tokens with clear value, the downside risk of ENA is still significantly higher. Therefore, I should sell the airdropped tokens to cash out, just for everyone. refer to.
In addition, Ethena has updated the sENA function this time for the locked ENA token. This means that after everyone locks ENA in the future, they can obtain the liquidity token sENA to continue participating in other defi protocols, greatly optimizing the efficiency of fund use. .
Finally, there is the USDe part. The official has announced that the Pendle pool with an expiration date of 6 months will enjoy a 30x bonus effect. We can pay attention to the status of Pendle USDe in the future. If PT still remains competitive, it can still be used as a stable currency position. One of the options to earn stable income.
If you have any questions or want to discuss, please leave a message below.
Thank you again for your support. Many partners have bound my invitation code to this season’s Ethena Sats event, which has added a lot of sats points for me. Thank you!
※Partners who want to participate in the Ethena Season 3 airdrop event to earn ENA can use my code:
eu54u
---------------------------------------------------------------------
※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users are advised to DYOR and assess their personal risk tolerance.
※Cover image screenshot from Ethena Mirror article