Ethena Labs reveals $750 million ENA airdrop date, Arthur Hayes pumped up
The highly anticipated Ethena airdrop is scheduled to go live on April 2, 2024. During this airdrop season, crypto investors and traders are eagerly awaiting Ethena Labs’ distribution of a massive 750 million ENA tokens to eligible crypto enthusiasts. To be eligible for the Ethena airdrop, crypto enthusiasts must hold USDe.
Ethena Airdrop details
The eligibility criteria for this airdrop will conclude on April 1, 2024, making it one of the shortest pre-token campaigns, ending in just six weeks. However, as of March 28, 2024, the USDe supply exceeded $1.3 billion, marking it as the fastest USD-denominated asset to surpass the $1 billion mark in the crypto industry.
This information has also been shared on X (previously Twitter) by Ethena Labs. Additionally, the former CEO of BitMEX, Arthur Hayes, has expressed his excitement over Ethena’s ENA token and shared something resembling music lyrics. Hayes’ post highlights his interest in ENA tokens.
As the Ethena airdrop live date approaches, here are a few impressive achievements of Ethena Labs’ USDe:
- Ethena’s USDe supply is now 1.5 times larger than the entire tokenized treasury RWA market.
- It’s three times larger than the combined on-chain ETH open interest for all decentralized exchanges.
- The supply surpasses that of all stablecoins on various platforms like Base, Blast, zkSync, Aptos, and Starknet combined.
- In just three weeks, Ethena became the highest-earning protocol in the industry, setting new standards for DeFi interest rates and growing its Reserve Fund to over $25 million in a month.
Ethena airdrops eligibility criteria
The eligibility criteria for the Ethena Airdrop are as follows:
- Participation during the Shard Campaign, a time-limited initiative by Ethena Labs to reward early participants of Ethena’s ecosystem. Participants engage in activities such as staking tokens or providing liquidity to earn rewards called “shards.”
- Crypto users who unstake, unlock, or sell all their USDe before the end of the Shard Campaign will not be eligible for the airdrop.
- Your USDe balance should not have fallen below the balance you held as of the specific snapshot date, which is March 26, 2024.
- If you provide liquidity and hold LP tokens, ensure you have not removed or sold them before the airdrop date.
- Holders of specific NFT collections, such as SchizoPosters and Redacted Remilio Babies, may be eligible for a portion of the airdrop.
- The campaign is intended for long-term participants, so individuals looking to farm a quick airdrop and dump tokens may not be eligible.
Crypto users who meet all these criteria will be eligible for the Ethena Airdrop.
