Is it worth participating in the ENA Season 2 airdrop event Sats?
If everyone did not sell immediately after receiving the $ENA airdrop on 4/2, ENA has subsequently risen to a maximum price of 1.3U. I believe everyone has made good profits, right? (The current price currently fluctuates around 1U)
So is the ongoing second season points event-Sats worth participating?
First of all, we need to know what new tricks are coming in the second season.
1. Add $BTC as the underlying asset
2. Morpho pledge pool expansion
3.Support Pendle pool on Mantle chain
To put it simply, in addition to introducing BTC as the execution asset of the Delta-neutral strategy of the underlying logic of the protocol, the next step is the expansion of the pledge pool and support for Layer 2 with lower gas fees, so that more people can participate in the Ethena ecosystem.
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After understanding Ethenaâs new features in Season 2, there are still several factors worth considering whether we should participate:
1.20%Bonus
Users who have participated in the Season1 Shards activity can enjoy a 20% points multiplier when participating in the Season2 Sats activity.
2. Lasts five months until 9/2
Different from Season 1 which lasted only six weeks, Season 2 will significantly extend the participation time, ending on September 2 at the latest or when TVL reaches 5B.
*If USDe reaches the scale of 5B, it will exceed the current market value of DAI and become the third largest stable currency on the market.
3. Developmental nature of ENA tokens
As of the current announcement, the ENA token only has governance functions, and this function has not yet been launched.
*Users can think about the benefits of holding ENA tokens?
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In summary, my opinion on the question of Sats participating or not participating in the second season is:
1. Participate
1-1 Those who have participated in Shards will enjoy the first-mover advantage with an additional 20% multiplier.
1-2 Those who have not participated in Shards or have a small amount of funds can earn high interest by holding sUSDe (currently 37.1% APY)
1-3 Those who were among the top 2,000 wallet addresses in the Shards stage and were forced to lock up 50% of their airdrops
or
2. Not participating
2-1 Bull market traders who have capital utilization needs and actively participate in transactions (most of the profits from the second wave of airdrops are not high)
2-2 Those who wish to avoid major problems such as failure of USDeâs underlying logic and protocol risks
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If you want to participate in Season2 activities or use the USDe ecosystem, you are welcome to use my invitation code on the invite code on the Ethena homepage:
eu54u
Add an additional 10% revenue incentive!
â» The above content is purely personal sharing and not sponsored. It does not constitute investment advice. Once again, we remind you that participating in decentralized finance (defi) has its risks. Users are asked to DYOR and evaluate their personal risks.
#Ethena #BTCđ„đ„đ„đ„ #AirdropđȘ #Stablecoins #USDe
