The recent updates from Ethena regarding its ENA governance token airdrop and growth strategy are comprehensive. Ethena is organizing a shard campaign followed by an airdrop of 750 million ENA tokens, constituting 5% of the total supply, to reward participants based on their activity within the protocol. Additionally, Ethena is implementing a vesting mechanism for larger ENA holders to promote long-term engagement. Moreover, the announcement of the sats campaign demonstrates Ethena's commitment to integrating Bitcoin as a backing asset, aiming to grow USDE's market cap to over $10 billion. This strategic approach reflects Ethena's vision to build a decentralized finance ecosystem while incentivizing user participation and fostering stability.
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