The Ethereum-based decentralized stablecoin (USDe) protocol team, Ethena Labs, announced an airdrop on April 2, 2024.
We are excited to announce the first step in decentralizing the Ethena protocol with the launch of: $ENA pic.twitter.com/Xs7vvfmEEP
— Ethena Labs (@ethena_labs) March 27, 2024
The message said that a total of 750 million ENA tokens were allocated for the distribution, which constitute 5% of the total supply of $15 billion.
It is known that the size of the airdrop will be determined by the number of points (shards) that participants were able to accumulate before the end of the Ethena Shard Campaign.
The team noted that users who own the USDe stablecoin can apply for tokens. If they withdraw their assets from staking or sell them before April 1, they will not be able to receive ENA tokens.
Note that at the time of writing, the USDe supply volume crossed the $1.3 billion mark:
Source: Cryptocurrency
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