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 Project Update
Welcome to the latest update on Ethena, where we bring you the most exciting developments and opportunities for airdrop hunters. Ethena has been actively expanding its ecosystem and introducing new features that enhance user engagement and reward opportunities. Let's dive into the key highlights from their recent activities.
Key Highlights
New Pool Launches and Rewards
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Curve Pools Launch: Ethena has announced the launch of two new Curve pools:
- feUSD/sUSDe in collaboration with @felixprotocol
- sUSDe/USDe
Both pools' liquidity providers (LPs) are eligible for 30x Ethena Rewards. This is a fantastic opportunity for users to earn significant rewards by participating in these pools.
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USDT0/USDe Pool: The USDT0/USDe pool is now live on @HyperliquidX, providing unified USDT liquidity across platforms. More details here.
Aave and Hyperliquid Integrations
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USDtb Onboarding: USDtb has been successfully onboarded to Aave's Core instance, enhancing dollar borrow liquidity and enabling more capital-efficient sUSDe looping. This marks the first asset primarily backed by Blackrock's BUIDL available on Aave.
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Hyperliquid x Ethena: Ethena is leveling up with Hyperliquid, introducing:
- HyperBridge for USDe, powered by @LayerZero_Core
- Funding reversion to baseline to boost USDe rewards
- More HyperEVM integrations are on the horizon, promising exciting developments for users.
Airdrop and Reward Opportunities
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HyperCore Rewards: Users holding at least 100 USDe on HyperCore will earn daily rewards based on their rolling 24-hour average USDe balances, distributed by @merkl_xyz. This is an automatic airdrop opportunity for users to increase their holdings.
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TON Wallet Rewards: Starting in May, users of non-custodial TON wallets can acquire USDe and earn an additional 10% APY paid weekly in TON on top of native sUSDe rewards. This boost applies to up to 10,000 tsUSDe per TON user.
Upcoming Developments
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DeFi Integrations on TON: Ethena is set to power the DeFi ecosystem on TON, with lending, fixed rate swaps, derivatives, and trading use cases. More information on these integrations will be released soon.
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Future Aave Integrations: Ethena plans to integrate more Pendle PTs into Aave, pending governance approval. This will allow users to continue leveraging the capital efficiency of USDe, sUSDe, and eUSDe PTs.
Stay tuned for more updates as Ethena continues to innovate and expand its offerings. For more detailed information, check out their latest tweet.
Join the Ethena community and take advantage of these rewarding opportunities today!
