One article will help you understand the latest project of #Binance

@ethena_labs and mining yield calculation

Binance’s 50th phase of mining activity to obtain token Ethena ($ENA ) by staking BNB and FDUSD, three days in total from March 30 to April 1, the attribute of #bnb金铲子 is reflected again

In the bear market, you accumulate principal and hoard coins, and in the bull market, you participate in making new investments. This law has become the consensus of most people in the industry, and there are still a few who strictly implement it. Many of them slap their thighs afterwards (most of the time I am)

In the eyes of many novice friends, new mining is a "big player's game", but if you actually calm down and analyze the fundamentals of the project and the participation data, you will find that the benefits are still very considerable.

First, let’s introduce the Ethena project to make a preliminary judgment on whether this project is worth participating in mining?

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for currencies that do not rely on traditional banking system infrastructure.

Its synthetic U.S. dollar USDe will provide the first censorship-resistant, scalable and stable cryptocurrency-native solution for funding via delta-hedged Ethereum collateral

As a new generation innovation leader on the stablecoin track, the current TVL has reached 1.5 billion US dollars.

The initial circulation of 1.425 billion accounts for 9.5% of the total supply, and the Binance Launchpool (mining) 300 million accounts for 2% of the total supply. Regarding the airdrop part, the airdrops for the first 2,000 users are locked and released in batches.

The initial flow pressure is relatively small

Summary: The overall initial circulation of Ethena is small, and the recent market environment has been good. It is one of the historical projects launched on Binance that won a very good bid.

Then, with reference to the return rate of Binance’s historical mining activities (at least 8-10 return),