Binance Launchpool 50th with Ethena Labs project ($ENA)
✔️Users will be able to Stake BNB and FDUSD to receive $ENA in 3 days from March 30 to April 2.
⌛️$ENA will be listed at 15:00 April 2, 2024 (Vietnam Time)
1. Ethena is the first project to introduce a high-profit Stablecoin model that is evaluated by funds as hype when it raises more than $20M, Dragonfly alone leads 2 rounds of capital calls, in addition, it also has an impressive launch with over $1.3B TVL after just 3 months of platform launch
2. Ethena has 2 main products: USDe and sUSDe
3. Investor
- Seed round raised $6.5M led by Dragonfly Capital with the participation of funds and CEX exchanges such as Wintermute, Delphi, GSR, Lightspeed, OKX, Bybit, Deribit, Gemini, Houbi.
- Funding round from Binance Labs with an unannounced amount.
- Strategic round raise $14M with valuation $300M lead by DragonFly, Maelstrom with the participation of a number of investors such as: Paypal, Franklin, Fidelity, Binance Labs, Deribit, Gemini, Kraken.
4. Tokenomics
- Ecosystem Development with tokens accounting for 30% of total supply: Allocated to develop the ecosystem, of which the first 5% is airdropped to Ethena users before launching the Token. The remainder will be managed by DAO and reserved for programs and cooperation to promote the development of the project.
