Ethena is a synthetic dollar protocol built on Ethereum, providing a crypto-native solution for money that is independent of traditional banking system infrastructure, along with a globally accessible dollar-denominated savings tool - "Internet Bonds". The Ethena synthetic dollar, USDe, will be the first censorship-resistant, scalable, and stable cryptographic money solution achieved through delta-hedging of Ethereum collateral. USDe will be fully transparently supported on-chain, and it can be freely created in DeFi. The stability of the USDe peg is ensured through the use of delta-hedging positions in derivatives against the collateral held by the protocol. The "Internet Bond" will combine the income generated from staked Ethereum, as well as financing and the base spread from perpetual and futures markets, to create the first cryptocurrency "bond" that can function as a dollar savings tool for users in permitted jurisdictions.

• Token name: Ethena (ENA).
• Maximum token supply: 15,000,000,000 ENA.
• Reward on Launchpool: 300,000,000 ENA (2% of the maximum token supply).
• Initial circulating supply: 1,425,000,000 ENA (9.5% of the maximum supply).
• Smart contract information: Ethereum.
• Staking requirements: KYC required.

Project website | Whitepaper | Discord | Twitter | Telegram | CoinMarketCap | Detailed conditions

How to participate

Here is a step-by-step guide to participating in Binance Launchpool projects.

Via the website

1. Go to Binance.com.

2. In the top menu, click on the "More" button and select the "Launchpool and Launchpad" section.

3. Then scroll down and click "More" again to participate in the respective project.

4. Next, select "FDUSD Pool" or "BNB Pool" and enter it.

5. Then click the "Staking" button, specify the desired amount, and confirm.

Through the mobile application

1. Download the official Binance.com exchange app.

2. In the main menu, press the exchange logo button and enter the menu.

3. Then press "Launchpad" or "More Services" to find this section.

4. Next, select "FDUSD Pool" or "BNB Pool" and enter it. After that, click the "Start Staking" button, specify the desired amount, and confirm.

Terms

Use BNB and FDUSD for staking in separate pools and earn ENA tokens over three days starting from 03:00 AM (MSK) on 30.03.2024.

Supported pools

BNB Staking: 240,000,000 ENA as rewards (80%).

FDUSD Staking: 60,000,000 ENA as rewards (20%).

Please note:

• User balance snapshots and total pool balances will be taken several times at any given moment each hour to obtain average hourly balances of users and calculate user rewards. User rewards will be updated every hour.
• Users will be able to accumulate their rewards (calculated hourly) and request these rewards at any time directly to their spot accounts.
• The annual percentage yield (APY) of each pool and the total pool balance will be updated in real-time.
• Tokens can only be staked in one pool at a time. For instance, User A cannot stake the same BNB in two different pools simultaneously but can allocate 50% of their BNB in Pool A and 50% in Pool B.
• Users will be able to withdraw their funds from staking at any time without delays and immediately participate in any other available pools.
• Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user's spot account at the end of each farming period.
• The Binance BNB Vault and Locked Products will support Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in Launchpool and receive new token rewards.
• If more than one Launchpool project is running simultaneously, BNB assets of users in BNB Vault and Locked Products will be divided and distributed equally among each project unless stated otherwise.
• BNB Vault assets providing collateral for Binance Loans (flexible rate) are not eligible for Launchpool rewards.
• BNB placed in Launchpool will still afford users the standard benefits of BNB ownership, such as airdrops, the right to participate in Launchpad, and VIP benefits.

Our participation

We are participating in the next launchpool on the Binance exchange. Our last staking of ETHFI yielded 1% of the deposit amount in 4 days. Also, on April 2nd, a 7-day pool with this coin starts on the Bybit exchange, where we will also go in with the maximum in USDT.

Our staking deposit 10 000 FDUSD

👉 Earn $ENA tokens with us!

Our results

Farming ENA on the Binance exchange is completed!

Held 10,000 FDUSD in the pool. 331 ENA coins were credited in 3 days. The listing is on April 2, 2024, at 11:00 MSK; let's see how much it can be sold for.

We decided to try selling immediately after listing, the sale happened at the 2nd second for a price of $0.578, although the starting price was higher. Conclusion: it's better to hold and sell later, it's now trading around $0.65. Sold 331 ENA coins for $191 (almost 2% of the deposit amount in 3 days). Which is not bad for a risk-free investment.