Did you know that you can participate in $ENA mining in Layer2?
Are you hesitant to join the Ethena ecosystem because of Ethereum’s expensive gas fees?
Now there is good news:
L2's Mantle has reached a cooperation with Ethena, allowing you to mine ENA on the Mantle chain!
Event name: Mantle Rewards Station
Event period: 2024/3/27~2024/4/26
How to participate: Go to Mantle Rewards Station to pledge $MNT and obtain mShards (which can be exchanged for ENA in the future)
*The obtained mShards can be claimed at any time and can be traded on the dapp on Mantle, or directly exchanged for $ENA (this feature still needs to wait for the official follow-up announcement of the exchange method).
*mShards need to be collected within 9 days after the event ends at the latest.
Who do I think Mantle Rewards Station is suitable for?
1. Users with small funds (<3000U): Because Ethena on the Ethereum mainnet needs to spend about 50~100U in gas fees for a whole pledge transaction process, while Mantle’s single gas fee is less than 0.01U.
2. MNT holders: If you are an MNT holder, you can easily mine ENA tokens by pledging your MNT.
3. Those who need asset liquidity: The Ethena protocol itself has a seven-day lock-in period for the process of unstaking, while Mantle Rewards Station can unstake and receive rewards at any time, allowing you to maintain asset liquidity while mining.
The most important thing is that there are currently only about 20,000 people participating, and the locked amount is about 110M USD. The income that can be earned is still considerable.
-------------------------------------------------- -----------------------
Although the Mantle Rewards Station is not implemented in the Ethena protocol itself, if you want to participate in Ethena Season2 activities or use the USDe ecosystem, you are welcome to use my invitation code on the invite code on the Ethena homepage:
eu54u
Add an additional 10% revenue incentive!
※ The above content is purely personal sharing and not sponsored. It does not constitute investment advice. Once again, we remind you that participating in decentralized finance (defi) has its risks. Users are asked to DYOR and evaluate their personal risks.
