CARV Protocol is a decentralized finance (DeFi) project that aims to provide a secure and trustless platform for users to trade and swap digital assets. It operates on the Ethereum blockchain and utilizes smart contracts to automate transactions without the need for intermediaries.
Features
Decentralized Exchange (DEX): CARV Protocol offers a DEX where users can trade various cryptocurrencies and tokens securely.
Liquidity Pools: Users can provide liquidity to the platform by depositing their assets into liquidity pools and earn rewards in return.
Yield Farming: CARV Protocol allows users to stake their tokens and earn additional rewards through yield farming.
Governance: Token holders can participate in the governance of the protocol by voting on proposals and changes to the platform.
User Experience
The platform is designed to be user-friendly, with a simple interface that allows for easy navigation and trading. Users can access the platform from their web browser or through compatible wallets.

Benefits of CARV Protocol
Decentralization: CARV Protocol operates on a decentralized platform, providing users with autonomy over their assets without the need for intermediaries.
Security: The protocol prioritizes security measures to safeguard users' funds and data against potential threats.
Liquidity: By supporting a range of assets, CARV Protocol enhances liquidity, making it easier for users to trade and swap tokens.
User Experience: The platform is designed with user experience in mind, offering a seamless interface for efficient navigation and interaction.
Community Governance: CARV Protocol allows its community to participate in governance decisions, fostering a sense of ownership and involvement among users.
Staking Rewards: Users have the opportunity to stake their assets on the platform and earn rewards, providing an additional incentive for engagement.
Innovative Features: The protocol continues to introduce new features and functionalities to improve the overall user experience and expand its offerings.
Future Integrations for CARV Protocol
Compound: Integrating with Compound will enable users to earn interest on their deposited assets and borrow additional funds based on their collateral within the CARV Protocol platform.
MakerDAO: Partnership with MakerDAO will provide users with access to decentralized stablecoins and the ability to generate DAI through collateralized debt positions, enhancing the stablecoin offerings on the CARV Protocol platform.
Curve Finance: Integration with Curve Finance will enhance the efficiency of stablecoin trading and provide users with low-slippage swaps for assets pegged to the same value within the CARV Protocol platform.
SushiSwap: Collaborating with SushiSwap will offer users access to a decentralized exchange platform with enhanced features like yield farming and staking opportunities on the CARV Protocol platform.
Synthetix: Further deepening the partnership with Synthetix can bring more synthetic assets and trading options to users, expanding the range of financial products available on the CARV Protocol platform.
Yearn Finance: Continued collaboration with Yearn Finance can introduce more yield farming strategies and optimization tools for users to maximize their returns on assets within the CARV Protocol platform.
Unlock Exclusive Rewards with Binance and CARV
In an exciting collaboration, Binance and CARV have launched an exclusive airdrop campaign, offering participants the chance to earn $CARV tokens and USDC. This limited-time event features a substantial prize pool of 1 million $CARV and 30,000 USDC, creating a significant opportunity for crypto enthusiasts and gamers alike. By participating in the campaign, users can engage in a series of tasks designed to maximize their rewards.
How to Participate
To join the Binance x CARV Airdrop, users need a Binance Web3 Wallet address. This versatile wallet, integrated within the Binance app, empowers users to manage their crypto assets securely and interact with decentralized finance (DeFi) applications. The participation process involves:
Daily Check-in: Continuous daily check-ins reward users with points, with check-ins resetting every seven days.
Bind Account: Connect your Binance Web3 Wallet to participate.
Join Community: Engage with the CARV community to earn more points.
Play & Earn: Participate in CARV’s gaming ecosystem to accumulate points.
Prize Pool Details
The total prize pool for this campaign is 1 million $CARV and 30,000 USDC. $CARV rewards will be distributed based on the proportion of points each user accumulates compared to all participants. Importantly, if multiple wallet addresses are linked to the same Binance UID, only the account with the highest points will receive the reward, while other accounts will be considered Sybil and will forfeit their rewards.
Following the anticipated launch of the CARV Airdrop Claim Page in August, participants can log in using their wallet addresses to view and claim their $CARV rewards. USDC rewards will be distributed via airdrop directly into the winners’ wallets on BNBChain upon the conclusion of the event. CARV reserves the right to the final explanation regarding the campaign.
The Binance x CARV Airdrop campaign is a unique opportunity for participants to earn substantial rewards while engaging with innovative blockchain technology. By completing tasks and accumulating points, users can maximize their chances of earning $CARV tokens and USDC. Don’t miss out on this exciting event — join the Binance x CARV Airdrop today and be a part of the future of decentralized finance and gaming.
@CARV #CARVingTheFutureOfData #binanceweb3airdrop

The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time.
Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the TON token rewards.
You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake.
What is The Open Network (TON)?
The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services.
The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more.
It’s worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then.
Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months!
How to earn TON tokens on Binance Launchpool
If you want to earn Toncoin farming rewards, you’ll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.

After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As an important note, here’s a quick breakdown of key dates and information about the Toncoin Launchpool campaign:

TON to benefit from a higher APR introduced by Binance Super Earn
Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
🔥Key features of Binance Super Earn 🔥
👉The Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
👉Super Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
👉Users can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
👉Super Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR.
#BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn

Renzo protocol is a liquid staking platform and strategy manager built on EigenLayer. It allows users to stake their ETH in exchange for APR from native staking and restaking on EigenLayer, as well as the liquid staking of token from Renzo (ezETH), which can be utilized in various DeFi applications. The platform's governance layer is powered by the native $REZ token, the primary role of which is granting users access to DAO votings within the platform.
Since its inception in mid-2023, the company has garnered the attention of leading funds and investors such as Binance Labs, OKX Ventures, and others, securing over $3.2 million from them.
Renzo restaking protocol aims to provide users with an interface for the EigenLayer ecosystem not only on Ethereum but also on Arbitrum, Linea, Mode, Base, BNB and OKX L2 chain networks.
As a liquid staking protocol, Renzo offers users a ezETH - Renzo liquid staking token in exchange for staking ETH on its platform. This token is equivalent in value to the amount of ETH contributed to Renzo. The APR for staking ETH can be tracked via the growth of ezETH. Initially, this ratio is 1:1, but over time, it increases in value according to the APR promised by the platform.
However, unlike the other protocols, the rise of value of the ezETH token backed up not only by rewards from the native staking on Ethereum but also by rewards from the restaking on EigenLayer, potentially leading to the higher returns for users. The token can be also used to earn additional APR by providing it into the DeFi LP and lending protocols, similarly to the other ETH staking protocols.
This innovative approach garnered the remarkable attention not only from top tier funds such as Binance Labs and OKX Ventures, but also the crypto community. Since its inception in 2023, the protocol has managed to grow its TVL (total value locked) to over $3.3B.
Renzo Token
🔥Highly demanded product, fully aligned with current market trends and narratives of "ETH restaking"
🔥Huge TVL ($3B+) prior to the token launch
🔥Low annual token inflation rate in the first year of the token release (4.5%).
🔥Listing and IEO of the token on Binance
🔥Backing from top-tier funds including Binance Labs, Maven 11 Capital, and others
🔥Security and bug bounty audit hosted by Halborn and ImmuneFi
🔥Strong performance in PR, Social Media, Growth, and Influencer marketing
🔥Experienced leadership team

What is the ezETH Token?
The ezETH token is the native token of the Renzo Protocol that represents a user’s re-stake activities. Users that deposit ETH or other approved tokens receive ezETH tokens, which hold similar value and can be used for transactions.
The ezETH token is a reward-bearing token, so its price increases relative to the underlying asset and its earned reward. These earned rewards can be in ETH, USDC, and AVS reward tokens. Users can also withdraw their staked tokens and rewards.
Withdrawing assets involves unstaking the deposited assets, and it is subject to the re-staking strategy and EigenLayer’s unstaking protocol. The withdrawal process can take at least seven days, depending on the above factors.
Directly withdrawing ezETH tokens is not enabled. Instead, users can sell their ezETH to balancers who would convert the ezETH token to ETH. That is why the token has zero circulating supply and a total supply of 282,469 ezETH.
The ezETH token provides some potential benefits to its holders. The token leverages the EigenLayer to offer higher yields than traditional staking protocols.
It also allows for flexible asset management. With the ezETH token, users can reap the benefits of staking on Ethereum while participating in DeFi transactions.
The Renzo Protocol’s strategy manager automatically selects validators based on specific criteria to minimize slashing risks associated with validator misconduct.
Finally, the protocol allows for cross-chain staking features, allowing holders to re-stake on popular layer two projects using wETH. This expands the investment opportunities open to Renzo users.
A major advantage of the Renzo Protocol is the enhanced yield combined with the ezETH token, allowing re-staking assets on multiple projects.Another advantage is the cross-chain capacity, which simplifies the staking experience. And a user-friendly Interface with reduced cost.The project also has the possibility of future multi-token support for WBETH and Lasts from other projects. Using the EigenLayer, Renzo Protocol can provide a secure, trustless staking experience.
👉 Renzo currently is super hyped especially after Binance Launchpool Announcement. I am sure we will be way above OTC Prices long-term here. Personally farming and will buy on Listing as well!
🔥 You can farm using your BNB or FDUSD:
Go to https://launchpad.binance.com/en and choose either to stake your $BNB or $FDUSD
Staking your BNB is bringing you another huge benefits. You are participating in the Binance Megadrop as well!

Megadrop,” the new program is a token launch platform where users “can subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange,” according to a Binance blog post.
IMPORTANT RECENT UPDATES FROM RENZO
🔥With the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
🔥HalbornSecurity a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
🔥Sigma Prime a new audit partner is scheduled to be complete by the end of May
🔥Code4rena audit contest is scheduled to begin the first week of May.
AIRDROP UPDATES
Snapshot & Claim Timeline:
👉Snapshot date remains on April 26th, 2024
👉Claim date is changing to April 30th, 2024 (1 hour before Binance listing)
Tokenomics Update:
👉Community: Total increasing from 30% to 32%
👉Total Airdrop allocation increasing from 10% to 12%
👉Season 1 increased from 5% to 7% total supply (2% increase is coming from Liquidity (MMs) & Foundation)
👉Season 2 allocation remains at 5% total supply
Binance Launch pool:
👉Remains at 2.5% total supply
Airdrop Eligibility:
👉Minimum qualification is 360 ezPoints per wallet
👉Majority of all eligible wallets, greater than 99%, are fully unlocked at TGE
👉A higher threshold is being applied for the largest wallets. Wallets with more than 500k ezPoints will unlock 50% at TGE with the remainder now vesting linearly over 3 months.
This Recent Updates about the Airdrop are really important and show how passionate Renzo team is and how they care for the Community and put them on 1st Place!
👉Still few days left to farm Renzo Folks. It's always good to start as early as you can! See some previous Binance Launchpool Projects performance. All are doing very good and will do even better with the upcoming Bull Cycle!
Happy Farming 🚜
#BinanceLaunchpool #RENZOLAUNCHPOOL

INTRO
Web3 founders face a crucial decision when deciding to launch their product. If they want to avoid the layer 2 option due to concerns surrounding centralized sequencers and multisig bridges, they must choose between two main paths: developing their product as a smart contract and deploying it on an existing Layer 1 blockchain, or taking the ambitious route of creating their own blockchain from scratch. The former option comes with different advantages, notably removing the complexities of infrastructure management, ensuring a decentralized foundation, and leveraging the network effect inherent in the underlying blockchain.
Yet, opting for a smart contract deployment is not without tradeoffs. It leads to a competition for block space, resulting in a worse user experience characterized by inflated gas costs and transaction fees, coupled with an impact on transaction executions. The immutability of smart contracts can also be restrictive, offering little flexibility for the protocol in the case of critical bugs or hacks. The smart contract approach also lacks sovereignty, as the protocol will be subject to the rules of the hosting blockchain.
🔥 One solution that has gained popularity in the last two years to address the challenges of the smart contract approach is the appchain thesis, which was pioneered by Cosmos and followed by Polkadot. The idea behind this model is to build a dedicated blockchain for one application. Compared to the smart-contract solution, this model offers sovereignty and full customizability from the blockchain to the application. It also enhances performance and scalability since the application has its own blockspace. This leads to increased opportunities for the token to capture value, such as MEV, as Osmosis does, in addition to capturing other network fees.
Certainly, this solution involves several important factors to consider. It requires the management of the chain’s infrastructure, ensuring its own security, attracting validators, and designing a tokenomics model that aligns the interests of validators, stakers, and app users.
...........
What if we could easily launch an application, similar to deploying a smart contract, and gain the benefits of an appchain, all without any initial investment or extensive effort? This is exactly what Saga’s value proposition is about.
...........
Saga’s value proposition and architecture
The Saga protocol functions like application-specific blockchains as a service. In other words, Saga is a blockchain used to easily launch other blockchains, called “Chainlets” in the Saga ecosystem. Chainlets are secured by the Saga blockchain and its validators through a mechanism called Interchain Security, a well-known shared-security system in Cosmos.
Interchain security means that one blockchain, in this case Saga, acts as a provider of security for other blockchains, in this case the Chainlets. As a result, the Chainlets inherit the benefits of running a Cosmos SDK appchain but outsource their block validation and validator set to Saga.
Therefore, a Chainlet is a sovereign blockchain that has the same level of security and decentralization as Saga.

Saga introduces an easy, decentralized, and secure approach to deploying application-specific blockchains. This solution also grants developers the autonomy to choose their preferred Virtual Machine (VM), with initial support for the Ethereum Virtual Machine (EVM).
In the long run, Chainlets aims to be VM agnostic, which means that developers would have the flexibility to choose from a variety of virtual machines, including the EVM, CosmWasm, or the Javascript VM for example.

How to launch its own Chainlet?
The way Chainlets are created differs slightly from what we can observe on the Cosmos Hub when launching consumer chains with Replicated Security. In contrast to the Cosmos Hub, the launch of a Chainlet with Saga is entirely permissionless.
Developers only need to have SAGA tokens to pay for setting up and maintaining their Chainlet. This is similar to services offered by Amazon Web Services and other SaaS platforms, except that here the subscription fee is paid in SAGA tokens to create and maintain a Chainlet.
This means that once the fee is paid, the role of Saga validators is to set up and run the infrastructure for a Chainlet, similar to how Cosmos Hub validators also operate the infrastructure of the consumer chains.

To launch a Chainlet, a developer is required to allocate funds to an escrow account using SAGA tokens. This escrow account can be pre-funded to any desired amount and works like a prepaid service to cover the costs associated with the Chainlet. If the deposited fee is depleted, the Chainlet goes offline until the developer deposits more SAGA in the account. The fee is determined per epoch, where one epoch lasts approximately one day.
Diverse methods could be used for funding the escrow account with SAGA tokens:
🔥Directly fund the account with SAGA tokens
🔥Stake SAGA with the escrow account to cover the fee through staking rewards
🔥Allow sponsors, communities and DAOs to pay the fee
🔥Implement an IBC mechanism to seamlessly convert any crypto into SAGA and pay for the fee
This subscription fee is determined by the Saga validator set. Before the start of a new epoch, each Saga validator submits the fee they would like to receive for running a Chainlet. These bids are then locked before the start of the next epoch, and a Musical Chair Auction begins.
The Musical Chair Auction is a process that aims to establish a universal price for running a Chainlet. In this context, each validator presents their bid, and only the w validators with the lowest prices are included in the ‘Winning Set’. The remaining validators with higher bids constitute the ‘Losing Set’.
The final cost of running a Chainlet is determined by the highest bid within the Winning Set. This implies that the validator with the highest bid in the Winning Set gets its desired price, while other validators within the Winning Set not only secure their desired price but also receive an additional margin on their bid.
The price that developers will have to pay for Saga validators to run a Chainlet is:

To prevent collusion or Sybil attacks related to the Winning and Losing Set, the count of validators within this set must be large enough to make controlling the Winning Set challenging. According to the Saga team, this number should range between 75% and 85% of the participants in the Musical Chair Auction.
However, the Musical Chair Auction is not riskless for a validator. In fact, the mechanism is designed to incentivize validators to submit bids as low as possible, rewarding validators within the Winning Set, while penalizing those in the Losing Set.
A possible way for the team to handle punishment is to treat it like validator downtime: validators who are down for a certain period get a minor slash and are jailed (removed from the active set). Validators who lose the auction too often in a given period could also be minorly slashed and jailed.
Hence, the SAGA token has multiple use cases: it is used as a subscription fee to keep the Chainlet alive and to reward the validators for running the infrastructure. In this case, there is a 1:1 relationship between costs and revenues with the auction system. We can also think about having pools of validators that share the cost, with validators only running some Chainlets and not others, to improve scalability.
Saga and its Chainlets introduce an interesting token structure, as gas fees are not explicitly collected from end users. Within a Chainlet, gas fees can be paid using Saga, the developer’s own Chainlet token, no tokens at all (gasless transactions), or even other tokens such as ETH or USDC.
It’s worth noting that gas fees generated within a specific Chainlet are directed to a wallet managed by the developer. This confers a high degree of flexibility to the Chainlet and its team in determining their preferred monetization approach.
Consequently, with Chainlets, developers benefit from predictable and low costs, an easy process for deploying their blockchains, and the capacity to horizontally scale applications. While Chainlets inherit security from Saga, there exists a method for a Chainlet to also leverage and inherit Ethereum’s security using the Saga stack. Let’s delve into this aspect in the following section.
Zoom on a specific type of Chainlets: Ethlets
Saga Ethlet is a new Ethereum scaling solution that combines the best attributes from appchains, rollups, and validiums into a single product. Launching an Ethlet will be as easy as launching a Chainlet: with one click, an Ethlet can be created and inherit Ethereum’s security.
How does this mechanism work? Ethlets work with three essential components: Data Availability, State Hash Commitment, and Fraud Proof.
At the end of each epoch (~ 1 day), blocks produced during that time frame are batched, forming the ‘batched epoch’. A new epoch referred to as the ‘challenge period’ then begins. During this challenge period, Saga’s validators can use a fraud-proof mechanism (optimistic ZK or interactive) that enables the identification of any fraudulent transactions or state transitions that might occur within the blocks from the batched epoch. If, by the end of the challenge period, no fraud-proof has been presented, the state hash of the previous batched epoch is committed to Ethereum, and therefore, this committed state inherits the security of Ethereum.
This implies that there is a one-epoch delay for a state hash to be committed to Ethereum and inherit its security. However, it’s important to note that blocks inherit Saga’s security even before being committed to Ethereum.

Finally, Saga will be used as a Data Availability layer, similar to a validium, to avoid the high Data Availability costs of Ethereum. An Ethlet thus achieves fast finality through Tendermint, facilitates rapid bridging, and leverages the advantages of IBC. This approach ensures cost-effectiveness while also inheriting Ethereum’s security.
..........
Saga offers any developer the ability to easily launch their application as a Chainlet and inherit Saga’s mainnet level of security and decentralization from the start. By choosing this option, the application will benefit from its dedicated blockspace, and the team will gain more control over the blockchain and the application layers compared to launching as a smart contract. If the developer choses, they can upgrade a Chainlet into an Ethlet and gain the benefits of Ethereum Security.
Saga is initially focused on gaming and entertainment chains, as we can notice from their partnerships. Gaming applications are one of the fastest-growing sectors in web3, and a gaming project, such as a video game, needs its own dedicated scalable blockchain capable of supporting high transaction volumes — exactly what Saga is offering and what Chainlets based on the Cosmos SDK can provide. As web3 gaming and entertainment continue to grow and the demand for scalable architecture for users increases, Saga presents itself as the solution to provide the necessary architecture and is confident in onboarding the next 1000 chains in the Multiverse.
The most Bullish Achievements so far for #SAGA. for me are:
🔥340 projects on testnet
🔥 Gaming made up 80% testnet projects
🔥 Partnerships with Polygon, Avalanche, Celestia
🔥 Partnerships with gaming giants MarbleX & Com2us
🔥 Saga is a partnerships and business development machine
...........
Binance will then list SAGA at 2024-04-09 14:00 (UTC) and open trading with SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY trading pairs. The Seed Tag will be applied to SAGA.

SAGA Launchpool Details:
👉Token Name: Saga (SAGA)
👉Max Token Supply: 1,000,000,000 SAGA
👉Launchpool Token Rewards: 45,000,000 SAGA (4.5% of max token supply)
👉Initial Circulating Supply: 90,000,000 SAGA (9% of max token supply)
👉Smart Contract Details: Saga Security Chain
👉Staking Terms: KYC required
👉Hourly Hard Cap per User:
🔥37,500 SAGA in BNB pool
🔥9,375 SAGA in FDUSD pool
Supported Pools:
💪Stake BNB:
https://launchpad.binance.com/en/launchpool/SAGA_BNB
💪Stake FDUSD:
https://launchpad.binance.com/en/launchpool/SAGA_FDUSD
Farming Period: 2024-04-05 00:00 (UTC) to 2024-04-08 23:59 (UTC).
Happy Farming 🙂
#BinanceLaunchpool #SAGALAUNCHPOOL

Hey Folks, time to go more deeper in #Ethena! and explain what is about and how to Farm on Binance Launchpool.
Ethena is developing an Ethereum-based internet bond with the main product being a decentralized stablecoin called USDe.
💪On March 29, Ethena became the 50th project on Binance Launchpool. Binance plans to list the ENA token at 8:00 a.m. on April 2 (UTC) with the trading pairs ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY, and attach a seed tag to this token. Detailed information is as follows:
👉Token name: Ethena (ENA)
👉Total supply: 15,000,000,000 ENA
👉Launchpool reward: 300,000,000 ENA (2% of total maximum supply).
👉Initial circulating supply: 1,425,000,000 ENA (9.5% of total maximum supply).
👉Staking terms: KYC required
🔥Hourly hardcap per user:
👉333,333.33 ENA in BNB pool.
👉83,333.33 ENA in FDUSD pool.
What is Ethena?
Ethena is a USD (synthetic dollar) synthesis protocol built on the Ethereum blockchain. The project provides a cryptocurrency investment solution that does not depend on traditional banking infrastructure and a global USD savings tool "Internet Bond".
Ethena's synthetic currency is USDe, which helps resist censorship and can be expanded stably by staking Ethereum for a certain period of time. This protects the value of the USD in the cryptocurrency market. USDe fully supports, on-chain transparency and has the ability to freely transact in the decentralized financial system (DeFi).
On March 28th, Ethena Labs announced the distribution of a 750 million ENA token airdrop to shard holders. Users can request to claim the airdrop starting from April 2nd, and the claiming portal will remain open for 30 days.
Users must continue to hold and lock USDe, maintaining a minimum balance equal to the snapshot taken on March 26th. The top 2,000 wallets with the highest shard scores will have 50% of their tokens locked, gradually unlocking them over six months.
Ethena will continue to roll out Phase 2 of the reward program from April 2nd to September 2nd, encouraging users to use BTC as collateral for the stablecoin USDe. The program may end early if the total supply of USDe reaches $5 billion. Participants will receive rewards similar to the Shard Campaign.
Characteristics of Ethena
👉USDe: Ethena Labs manages the creation and redemption of the synthetic USD coin "USDe". This is the first fully-backed, on-chain, scalable and censorship-resistant cryptocurrency. The USDe backer introduces the first “internet bond” to save synthetic USD yielding profits from staking and market arbitrage.
👉Internet bonds: Internet bonds tightly integrated with blockchain technology and cryptocurrencies, providing yield on staked Ethereum and spreads between price and basis in perpetual and futures markets. With large scalability and optimal capital efficiency, bonds ensure transparency and security through an automatic program custody solution, without human intervention. At the same time, the system uses the MPC "off-exchange" custody mechanism to create a fair environment for all users.

🔥Profit: The project's profit comes from two sources:
🔥Consensus rewards and enforcement of staked ETH.
🔥Funding and arbitrage earned from delta hedging derivative positions.
🔥Delta hedging: Trading strategy that allows users to profit from the price difference of USDe in the market of $1 or more. The feature helps reduce the risk of price fluctuations, automatically adjusting to maintain delta positions (price correlation) with the underlying asset. Ethena uses delta hedging during the issuance of USDe to ensure stablecoin stability.
Features of Ethena
🔥Buy USDe without permission: Investors use off-chain AMM pools to buy or sell USDe with collateral such as USDT or USDC.

🔥Direct USDe generation: Participants deposit stETH as collateral and receive USDe. Accounts need to pass KYC/KYB (identity verification) checks from partners to be approved.
🔥Exchange USDe directly: Users send USDe to receive stETH for KYC/KYB accounts.
🔥Stake and unstake USDe: Those on the authorized list will receive a portion of the generated yield.

Investors and partners
After a fundraising round in February valued at $14 million USD, Ethena's total investment has now reached $20 million USD. Several renowned investors have participated in the project, including Binance Labs, PayPal, Gemini, OKX, Bybit, Huobi, BitMEX, and Deribit. The project's valuation is currently at $300 million USD.
In addition, Ethena has partnerships with Dragonfly, Franklin Templeton, Fidelity, Mirana…
Ethena introduces two new concepts: USDe and internet bonds. The project provides blockchain transparency with many utilities to meet the diverse needs of users. With a TVL of $539,600,000, Ethena promises future development potential. However, investors need to research carefully before deciding to join the platform.
💪 I'll repeat for me every Project on Binance Launchpool will do extremely good middle and long-term so expecting the same for ETHENA!
HOW TO FARM
👉Stake BNB to farm Ethena:
https://launchpad.binance.com/en/launchpool/ENA_BNB
👉Stake FDUSD to farm Ethena:
https://launchpad.binance.com/en/launchpool/ENA_FDUSD
#ENALAUNCHPOOL

Hey Folks, Binance Launchpool introduced another super good Project, farming already live. Let me give you a quick Introduction at what is Ethena and how you can farm it!
Brief Introduction of ETHENA
Ethena is a revolutionary Ethereum-based project aiming to revolutionize the world of money. Here’s what they offer:
1. A Banking System Alternative: Forget traditional banking infrastructure. Ethena provides crypto-native solutions for your financial needs, starting with the “Internet Bond,” a globally accessible dollar-denominated savings instrument.
2. Stable and Scalable “Synthetic Dollar”: Introducing USDe, Ethena’s innovative synthetic dollar. This first-of-its-kind token offers a censorship-resistant, scalable, and stable crypto-based alternative to traditional money. Its stability is achieved through a unique method called delta-hedging with staked Ethereum collateral.
3. Transparent and Secure: Ethena prioritizes transparency and security. USDe is fully backed by audited on-chain assets, ensuring complete visibility into its backing and free composability within the DeFi ecosystem.
4. Backed by Industry Leaders: Ethena has secured $14 million in funding from prominent investors like Binance, Dragonfly, and Wintermute, demonstrating their potential and reliability.

5. Earning Potential: While they currently don’t have their own token besides USDe, they offer an exciting points system called “shards.” Users can earn shards by minting, providing liquidity, and staking USDe, with additional rewards for referrals. These shards could potentially grant access to future airdrops if they launch their own governance token.
I've personally minted an USDe. The process is pretty simple and My earnings so far are pretty good!
As you can see how all Binance Launchpool Projects are performing so far I am expecting absolutely the same for ETHENA. Especially if you hold long-term!
How to mint USDe?
You can read fir the full detailed process on ETHENA Gitbook here:
🔥 https://ethena-labs.gitbook.io/ethena-labs/video-guides/how-to-mint-usde
General Use Cases of ETHENA
🔥Permissionless Acquire USDe. Access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC.
🔥Direct Mint USDe. Deposit stETH collateral and receive USDe, subject to clearing KYC/KYB checks for approved market making counterparties.
🔥Direct Redeem USDe. Deposit USDe & receive stETH, subject to clearing KYC/KYB checks for approved market making counterparties.
🔥Stake & Unstake USDe. Receive a proportionate share of the generated yield. Available for users in permitted jurisdictions.
Launchpool Detals:
👉Token Name: Ethena (ENA)
👉Max Token Supply: 15,000,000,000 ENA
👉Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
👉Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
👉Smart Contract Details: Ethereum
👉Staking Terms: KYC required
👉Hourly Hard Cap per User:
🔥333,333.33 ENA in BNB pool
🔥83,333.33 ENA in FDUSD pool
Supported Pools:
1. Stake #BNB to earn ETHENA
🔥https://launchpad.binance.com/en/launchpool/ENA_BNB
2. Stake #FDUSD‬⁩ to earn ETHENA
https://launchpad.binance.com/en/launchpool/ENA_FDUSD
Project Links
👉 Website:
https://www.ethena.fi/
👉Whitepaper:
https://ethena-labs.gitbook.io/ethena-labs/
👉Telegram:
https://t.me/ethena_labs
👉X:
https://twitter.com/ethena_labs
👉Discord:
https://discord.gg/QqgVaUmM
Happy Farming Folks!
#ENALAUNCHPOOL