Project Overview
Guide
To be eligible for the Ethena Season 3 airdrop campaign, users must follow these criteria:
Wallet Setup: Ensure you have a wallet compatible with the Ethereum blockchain, such as MetaMask, Trust Wallet, or Ledger, and that it contains enough ETH to cover gas fees.
Participation Methods: Accumulate points by:
Holding USDe: USDe held in applications like Morpho, Aave, Pendle, or Curve LP receives a 20x reward.
Staking sUSDe: sUSDe held in similar applications receives a 5x reward.
Liquidity Provision: Participate in lending or LP activities through platforms like Pendle. Purchase YT USDe or PT USDe on Pendle to maximize Sats earnings. Note that YT USDe will have zero value at maturity but farms Sats quickly.
sENA Mechanism: Use the sENA token, which offers a maximum 40x reward and allows liquidity retention.
Bonus for Previous Participants: Users who participated in the first or second season receive a 10% bonus on their points for Season 3.
USDe Balance: Maintain your USDe balance above the snapshot level taken on September 1, 2024, to avoid points reduction.
Claiming Tokens: Users have 30 days to claim unclaimed ENA tokens after the allocation is made.
Latest X Summary
Ethena Sparks Excitement: New Point Opportunities on Avalanche & Enhanced Cross-Chain Staking!
Ethena is heating up the DeFi space with significant expansions and integrations that open up fresh avenues for airdrop hunters to rack up Ethena Points and other rewards! If you're looking to boost your potential allocation, pay close attention to these recent developments.
Ethena Points & Airdrop Opportunities
1. Avalanche Integration: New Horizon for Ethena Points
Ethena has officially launched USDe and sUSDe on the Avalanche network, marking a major expansion for the ecosystem. This isn't just a simple bridge; it's a direct call to action for users! By engaging with USDe and sUSDe within eligible DeFi applications on Avalanche, you can now qualify for both AVAX rewards and, crucially, Ethena Points. This offers a brand new ecosystem to explore for point-farming strategies.
- Key Action: Get involved with USDe and sUSDe on Avalanche DeFi.
- Bridge: You can bridge USDe and sUSDe to Avalanche directly via the Stargate Finance interface.
2. Simplified Cross-Chain sUSDe Staking: Earn Points from Anywhere
Ethena has made sUSDe staking more accessible than ever before, expanding its reach across 18 different chains through a seamless integration with LayerZero_Core's OVault. Now, you can perform a one-click stake of USDe to sUSDe directly from your preferred chain. This significantly reduces friction and makes it easier for users across various ecosystems—including OP Mainnet, Base, Mode, Frax, Arbitrum, Berachain, Mantle, and BNB Chain—to participate and earn Ethena Points.
- Key Action: Stake USDe to sUSDe from your favorite chain.
- Important Note: Unstaking sUSDe will still require bridging back to Ethereum.
3. Binance Partnership: Potential for Future Rewards
Ethena has announced a major partnership with Binance, embedding USDe across its massive platform of over 280 million users. While specific "Ethena Points" weren't explicitly mentioned for this integration in the initial announcement, the ability to use USDe as "reward-bearing collateral" for futures and perpetuals trading on Binance's platform suggests a strong potential for accruing benefits or future rewards. This is a significant move for USDe adoption and could indirectly lead to further opportunities for engaged users.
- Key Action: Monitor for ways to utilize USDe as collateral on Binance for potential rewards.
Key Events & Actions for Airdrop Hunters
Here’s a quick overview of the essential details for maximizing your Ethena airdrop potential:
| Event | Action for Airdrop Hunters | Important Links |
|---|---|---|
| Avalanche Expansion | Interact with USDe & sUSDe in eligible DeFi apps on Avalanche to earn AVAX rewards & Ethena Points. | USDe/sUSDe Live on Avalanche<br/>Bridge via Stargate Finance |
| Cross-Chain sUSDe Staking | Stake USDe to sUSDe with a single click from 18 supported chains via LayerZero OVault to earn Ethena Points. | sUSDe Cross-Chain Accessibility<br/>Supported Chains & Details |
| Binance Integration | Utilize USDe as reward-bearing collateral for futures & perpetuals trading on Binance for potential rewards/benefits. | Ethena Partners with Binance |
Ethena continues to expand its ecosystem, creating diverse opportunities for its community. Keep an eye on these new integrations and activities to maximize your Ethena Point accumulation and potential rewards. Happy hunting!
