Ethena is a USD synthesis protocol built on Ethereum, offering a decentralized solution for cryptocurrency investments and a global USD savings tool called "Internet Bond." Its synthetic currency, USDe, resists censorship and maintains stability by staking Ethereum. The project announced a 750 million ENA token airdrop to shard holders on March 28th, with claiming starting April 2nd.

To claim the airdrop, users must maintain a minimum balance of USDe equal to a 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 also roll out Phase 2 of the reward program from April 2nd to September 2nd, encouraging users to collateralize BTC for USDe. Rewards will be similar to the Shard Campaign.

Key characteristics include the creation and redemption of USDe, the first fully-backed, on-chain, scalable, and censorship-resistant cryptocurrency. Internet bonds integrate tightly with blockchain and cryptocurrencies, providing yield on staked Ethereum and arbitrage opportunities. Bonds ensure transparency and security through automatic program custody and use MPC custody for fairness.

Overall, Ethena offers a groundbreaking approach to stablecoin protocols and provides opportunities for decentralized finance participants to earn yields while maintaining transparency and security.#BinanceLaunchpool #BullorBear #ENA #ENALAUNCHPOOL #WIF