The Ethena platform has officially launched the sENA token, which is in line with the plan for the third quarter airdrop event previously announced to users, in which sENA is designed as a liquidity token. According to the plan, users can now stake their $ENA tokens on the Ethena platform, and in exchange, they will receive an equal number of sENA tokens, which can then be flexibly deployed in the decentralized finance (DeFi) ecosystem.
Currently, users can easily complete the staking process of ENA tokens by visiting the "Earn" section of the Ethena official website, and instantly receive the corresponding number of sENA tokens, with a conversion ratio of 1:1 between the two.
Users holding sENA tokens will enjoy multiple advantages, including:
Generous points rewards: Users can receive up to 40 times the points rebate based on the number of sENA tokens they hold, which is a special reward for liquidity contributors.
Points bonus privilege: sENA obtained by staking ENA can also bring bonus effects to non-ENA asset airdrop points according to the proportion of staked ENA in the total assets of the platform, thereby further increasing the overall benefits of users.
Airdrop redistribution mechanism: For the unclaimed ENA airdrop shares in the second season, these unclaimed tokens will be redistributed to current sENA holders to recognize their continued support for staking and liquidity.
Cross-protocol application prospects: Looking ahead, sENA tokens are expected to be included in more DeFi protocols, providing users with a wider range of usage scenarios and options for enhanced liquidity. However, the specific list of supported protocols and implementation details still need to pay attention to the updates and announcements released by the Ethena platform in the future.
