Ethena – Season III

Ethena Labs, the protocol behind the USD-pegged asset USDe, continues its rapid growth with integrations on major platforms like Aave, Symbiotic, and LayerZero, and expansions to Solana, Mantle, Blast, Arbitrum, and Base.

Since Ethena Season 2 began, USDe has surged from $1.3 billion to nearly $3 billion, becoming the fastest USD-pegged asset in crypto to reach this milestone, cementing its dominant position.

With the end of Season 2, 750 million $ENA tokens (5% of the total supply) have been allocated based on a September 1st snapshot. Users can claim their Airdrop rewards starting September 30.

And the momentum doesn’t stop here—Season 3 points have already begun accruing on September 2, 2024, running until March 2025, bringing higher reward multipliers and integrating sENA into the broader DeFi ecosystem, including many other third-party applications.

About Ethena Labs

Ethena Labs is revolutionizing decentralized finance (DeFi) with USDe, a cutting-edge synthetic dollar protocol on Ethereum, providing a crypto-native alternative to the traditional banking system and introducing the ‘Internet Bond‘, a globally accessible dollar savings instrument.

USDe ensures stability with delta hedging and mint/redeem arbitrage strategies, reinforced by Ethena’s commitment to transparency and decentralization, making USDe a standout solution in the decentralized finance arena (FAQs).

Step by step guide Ethena – Season III Airdrop

Head to the Ethena Airdrop portal and connect your wallet.

Maintain your USDe balance above the snapshot level taken on September 1, 2024, to avoid any points reduction in your Ethena Season 3 allocation.

Check your $ENA Airdrop allocation at claim.ethena.fi on September 30, 2024, and claim your tokens. There are 30 days to claim before any unclaimed ENA is reallocated to sENA holders.

* The top 2,000 wallets will have 50% of their ENA locked, with linear unlocks over 6 months.

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