DeFi summer is almost here, Binance continues to run Launchpool 50 called #Ethena
After a period of focusing on GameFi and Restaking ETHFI projects, this time Binance diversifies its portfolio with a decentralized stablecoin project called#Ethena(ENA)
Join Farm Ethena (ENA) within 3 days, starting from 07:00 March 30 ENA list: Will be announced at 15:00 April 2 Vietnam time.
Some information about Ethena:
About the ETHena Labs project, this is a decentralized stablecoin protocol built on the Ethereum platform. The goal is to provide a stablecoin solution that does not rely on the traditional banking system, while also including a USD saving tool called Internet Bond.
ETHena's stablecoin USDe uses a delta hedging strategy that is fully transparent and can be automated across various DeFi applications. This makes USDe a safe and effective stablecoin option in the DeFi space.
The project raised a $6.5M seed round in 2023 and raised an additional $14M strategic round in 2024. Raising the project's valuation to $300M.
The project has a powerful backer system such as: Binance Labs, PayPal, Gemini, Deribit, Bybit, OKX, Delphi Digital......
Launchpool ENA information and how to participate:
To participate in Farm $ENA, you need to stake BNB and FDUSD.
- Token name: ETHena (ENA)
- Total Token Supply: 15,000,000,000 $ENA
- Launch Token reward: 300,000,000 ENA (equivalent to 2% of total supply)
- Total Initial Circulating Supply: 1,425,000,000 ENA (accounting for 9.5% of total supply)
Staking conditions: KYC required
Information to you guys.
#ETHENALAUNCHPOOL
