Binance Announces Listing of Ethena (ENA) on Launchpool

Binance exchange announces its 50th launchpool project, Ethena (ENA), a decentralized protocol issuing stablecoin built on Ethereum.

Azcnews Breaking1

Binance has just announced its 50th project on Binance Launchpool – Ethena (ENA), a synthetic dollar protocol.

Users will be able to stake their BNB and FDUSD in separate pools to farm ENA tokens for three days, with farming starting from March 30, 2024, at 00:00 (UTC).

Subsequently, Binance will list ENA on April 2, 2024, at 8:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY trading pairs. The Seed label will be applied to ENA.

Details of the ENA Launchpool:

  • Token Name: Ethena (ENA)
  • Maximum Supply: 15,000,000,000 ENA
  • Launchpool Token Reward: 300,000,000 ENA (2% of maximum supply)
  • Initial Circulating Supply: 1,425,000,000 ENA (9.5% of maximum supply)
  • Smart Contract Details: Ethereum
  • Staking Requirement: KYC required
  • Hard Cap per Hour per User:
    • 333,333.33 ENA in the BNB pool
    • 83,333.33 ENA in the FDUSD pool

Supported Pools:

  • Stake BNB (website will be available in about 5 hours): 240,000,000 ENA reward (80%)
  • Stake FDUSD (website will be available in about 5 hours): 60,000,000 ENA reward (20%)
  • Farming Time: From March 30, 2024, at 00:00 (UTC) to April 1, 2024, at 23:59 (UTC).

Register for a Binance account here to start trading.

Related: Binance Announces Delisting of DREP, MOB, PNT

Introduction to Ethena

Interface ethena
Interface ethena

Ethena Labs is a decentralized protocol issuing stablecoins built on Ethereum, providing a stablecoin solution independent of traditional banking systems. The project will offer savings tools with a new USD pegged token called Internet Bond.

Ethena’s stablecoin (USDe) is a delta-hedging strategy-based stablecoin solution. USDe will be fully transparently collateralized on the blockchain and can be freely used across different DeFi applications.

Notably, the Internet Bond is built on USDe, and this product will combine profits from Liquid Staking Tokens (LST) as well as the futures and perpetual swap markets. This will be the first blockchain-based bond, functioning as a USD savings instrument for users worldwide.

With this model, Ethena promises to deliver a flexible, transparent, and entirely decentralized stablecoin solution, while also providing attractive savings tools through the Internet Bond. Leveraging revenue sources from LSTs and derivative markets allows the project to generate attractive returns for users without relying on centralized banking systems.

5.0/5

(21 votes)
  1. Avatar of Anonymous
    Anonymous

    Hi, please how can Nigerians participate in this amazing project? Thanks

  2. Avatar of
    Anonymous

    How will Nigeria participate in this project

    • Avatar of
      Anonymous

      You participate only P2P and NGN trading is not available in Nigeria every other functionality are working perfectly

  3. Avatar of Adrianot Emmanuel
    Adrianot Emmanuel

    Wow

  4. Avatar of LoveIntact music
    LoveIntact music

    You can’t participate because Nigeria has banned Binance in your country

  5. Avatar of Deepak parmar
    Deepak parmar

    Airdrop link

  6. Avatar of Onyeji Mathew Chibuike
    Onyeji Mathew Chibuike

    That’s excellent news it appears quite different, I think I need this pls

  7. Avatar of Yassi
    Yassi

    How to get Ethena Airdrop .

    • Avatar of SHEHRoZ
      SHEHRoZ

      Come inbox me 🔗 Referral Invitation: Join the Airdrop Party! 🎉🎁

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      Don’t miss out on this incredible offer to boost your earnings and enjoy the benefits of the airdrop program. Let’s embark on this adventure together and unlock amazing rewards! 💃🚀

      Join now using my referral link: https://t.me/RavencoinRVNAirdropBot?start=6075792145

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  8. Avatar of
    Anonymous

    For Nigerian we can participate in any binance activities apart from p2p

    • Avatar of
      Anonymous

      Who said this?

  9. Avatar of
    Anonymous

    Link for the app ?

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