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ETHENA - NEXT 100x On Binance Launchpool. Farming Live Now
Hey Folks, Binance Launchpool introduced another super good Project, farming already live. Let me give you a quick Introduction at what is Ethena and how you can farm it!
Brief Introduction of ETHENA
Ethena is a revolutionary Ethereum-based project aiming to revolutionize the world of money. Hereâs what they offer:
1. A Banking System Alternative: Forget traditional banking infrastructure. Ethena provides crypto-native solutions for your financial needs, starting with the âInternet Bond,â a globally accessible dollar-denominated savings instrument.
2. Stable and Scalable âSynthetic Dollarâ: Introducing USDe, Ethenaâs innovative synthetic dollar. This first-of-its-kind token offers a censorship-resistant, scalable, and stable crypto-based alternative to traditional money. Its stability is achieved through a unique method called delta-hedging with staked Ethereum collateral.
3. Transparent and Secure: Ethena prioritizes transparency and security. USDe is fully backed by audited on-chain assets, ensuring complete visibility into its backing and free composability within the DeFi ecosystem.
4. Backed by Industry Leaders: Ethena has secured $14 million in funding from prominent investors like Binance, Dragonfly, and Wintermute, demonstrating their potential and reliability.
5. Earning Potential: While they currently donât have their own token besides USDe, they offer an exciting points system called âshards.â Users can earn shards by minting, providing liquidity, and staking USDe, with additional rewards for referrals. These shards could potentially grant access to future airdrops if they launch their own governance token.
I've personally minted an USDe. The process is pretty simple and My earnings so far are pretty good!
As you can see how all Binance Launchpool Projects are performing so far I am expecting absolutely the same for ETHENA. Especially if you hold long-term!
How to mint USDe?
You can read fir the full detailed process on ETHENA Gitbook here:
đ„ https://ethena-labs.gitbook.io/ethena-labs/video-guides/how-to-mint-usde
General Use Cases of ETHENA
đ„Permissionless Acquire USDe. Access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC.
đ„Direct Mint USDe. Deposit stETH collateral and receive USDe, subject to clearing KYC/KYB checks for approved market making counterparties.
đ„Direct Redeem USDe. Deposit USDe & receive stETH, subject to clearing KYC/KYB checks for approved market making counterparties.
đ„Stake & Unstake USDe. Receive a proportionate share of the generated yield. Available for users in permitted jurisdictions.
Launchpool Detals:
đToken Name: Ethena (ENA)
đMax Token Supply: 15,000,000,000 ENA
đLaunchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
đInitial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„333,333.33 ENA in BNB pool
đ„83,333.33 ENA in FDUSD pool
Supported Pools:
1. Stake #BNB to earn ETHENA
đ„https://launchpad.binance.com/en/launchpool/ENA_BNB
2. Stake #FDUSDâŹâ© to earn ETHENA
https://launchpad.binance.com/en/launchpool/ENA_FDUSD
Project Links
đ Website:
https://www.ethena.fi/
đWhitepaper:
https://ethena-labs.gitbook.io/ethena-labs/
đTelegram:
https://t.me/ethena_labs
đX:
https://twitter.com/ethena_labs
đDiscord:
https://discord.gg/QqgVaUmM
Happy Farming Folks!
#ENALAUNCHPOOL
Brief Introduction of ETHENA
Ethena is a revolutionary Ethereum-based project aiming to revolutionize the world of money. Hereâs what they offer:
1. A Banking System Alternative: Forget traditional banking infrastructure. Ethena provides crypto-native solutions for your financial needs, starting with the âInternet Bond,â a globally accessible dollar-denominated savings instrument.
2. Stable and Scalable âSynthetic Dollarâ: Introducing USDe, Ethenaâs innovative synthetic dollar. This first-of-its-kind token offers a censorship-resistant, scalable, and stable crypto-based alternative to traditional money. Its stability is achieved through a unique method called delta-hedging with staked Ethereum collateral.
3. Transparent and Secure: Ethena prioritizes transparency and security. USDe is fully backed by audited on-chain assets, ensuring complete visibility into its backing and free composability within the DeFi ecosystem.
4. Backed by Industry Leaders: Ethena has secured $14 million in funding from prominent investors like Binance, Dragonfly, and Wintermute, demonstrating their potential and reliability.
5. Earning Potential: While they currently donât have their own token besides USDe, they offer an exciting points system called âshards.â Users can earn shards by minting, providing liquidity, and staking USDe, with additional rewards for referrals. These shards could potentially grant access to future airdrops if they launch their own governance token.
I've personally minted an USDe. The process is pretty simple and My earnings so far are pretty good!
As you can see how all Binance Launchpool Projects are performing so far I am expecting absolutely the same for ETHENA. Especially if you hold long-term!
How to mint USDe?
You can read fir the full detailed process on ETHENA Gitbook here:
đ„ https://ethena-labs.gitbook.io/ethena-labs/video-guides/how-to-mint-usde
General Use Cases of ETHENA
đ„Permissionless Acquire USDe. Access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC.
đ„Direct Mint USDe. Deposit stETH collateral and receive USDe, subject to clearing KYC/KYB checks for approved market making counterparties.
đ„Direct Redeem USDe. Deposit USDe & receive stETH, subject to clearing KYC/KYB checks for approved market making counterparties.
đ„Stake & Unstake USDe. Receive a proportionate share of the generated yield. Available for users in permitted jurisdictions.
Launchpool Detals:
đToken Name: Ethena (ENA)
đMax Token Supply: 15,000,000,000 ENA
đLaunchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
đInitial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
đSmart Contract Details: Ethereum
đStaking Terms: KYC required
đHourly Hard Cap per User:
đ„333,333.33 ENA in BNB pool
đ„83,333.33 ENA in FDUSD pool
Supported Pools:
1. Stake #BNB to earn ETHENA
đ„https://launchpad.binance.com/en/launchpool/ENA_BNB
2. Stake #FDUSDâŹâ© to earn ETHENA
https://launchpad.binance.com/en/launchpool/ENA_FDUSD
Project Links
đ Website:
https://www.ethena.fi/
đWhitepaper:
https://ethena-labs.gitbook.io/ethena-labs/
đTelegram:
https://t.me/ethena_labs
đX:
https://twitter.com/ethena_labs
đDiscord:
https://discord.gg/QqgVaUmM
Happy Farming Folks!
#ENALAUNCHPOOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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