[Ethena details ENA airdrop for shard holders and announces Bitcoin Sats event]
Ethena has announced an airdrop campaign that will distribute 750 million ENA tokens, representing 5% of the total supply, to encourage participation in its decentralized financial bond system. ENA, as a governance token, will be distributed based on users’ activity in the protocol in the first 6 weeks. Small holders will receive the airdrop directly, while the largest 2,000 wallets will only receive half of the tokens on airdrop day, with the remainder distributed over the 6-month staking period, provided they hold an amount of USDE equivalent to the amount at the time of the airdrop snapshot. The move is designed to reward long-term investors and dilute short-term speculators.
Ethena has also launched sats activities, aiming to use BTC as the backing asset to promote the market value of USDE to more than 10 billion US dollars. Since completing its seed round of financing, Ethena’s market capitalization has exceeded $1.4 billion, and its circulating supply has grown by more than 180% in the past 30 days. Claims for the ENA airdrop begin on April 2 and last for 30 days.
