Ethena Labs opens a two-week staking event to obtain shards, making it clear that it will take place within 3 months
On February 19, Ethena Labs, the issuer of the decentralized stablecoin USDe, launched a public mainnet with the aim of creating a synthetic U.S. dollar USDe based on Ethereum.
According to the official website of Ethena Labs 9 hours ago, the TVL of the USDe protocol has reached 285 million US dollars, and the number of participating users is 4,455. In addition, the USDe Curve mining pool participating in the "Shard Campaign" has currently reached the deposit limit, and the project will continue to increase the limit in the future.
1 hour ago Ethena Labs opened a new independent USDE locking pool with a cap of 50 million US dollars. Users can get a reward of 10 shards for every US$1 by locking USDE for 7 days.
After a brief look, I thought it was worth participating in the defense, and it’s not considered a roll at the moment.
Staking can be done via the following link
app.ethena.fi/join/jyq32
At the same time, its basic activities are as follows:
First Epoch#1will focus on users providing LP to Curve’s USDe liquidity pools (USDe/USDC, USDe/crvUSD, USDe/DAI, USDe/mkUSD, and USDe/Frax).
For every $1 worth of LP locked, you can earn 20 shards per day.
Users will be eligible to receive 5 additional shards per unlocked USDe, or 1 additional shard per sUSDe outside these LP liquidity pools.
Epoch#1will end in two weeks, or after $100 million worth of LP tokens have been staked and an additional $100 million in locked USDe.
Project background reference:
Ethena Labs is a digital dollar (USDe) protocol built on Ethereum. It does not rely on the traditional banking system, has fully transparent on-chain support, and is committed to providing a globally accessible savings option based on USDe "Internet Bonds" (Internet Bond).
Ethena Labs has raised over $14 million in funding from the world’s top investors, including Binance, BitMEX co-founder Arthur Hayes, Bybit, Mirana Ventures, Lightspeed, Franklin Templeton, and others.
It is worth noting that angel investors include crypto researcher DCF GOD, crypto KOL Cobie and even Ethereum “critic” Ansem (Foresight News notes that Ansem once slammed Ethereum in the fierce debate between the ETH and SOL communities).