Ethena Protocol Launches ENA Token, Redefining DeFi Market
- Ethena Protocol announces the launch of its ENA token aligned with the protocol’s sustainable strategies
- The protocol also announced the ENA token distribution features vesting schedule.
- The new Shard Campaign will introduce Sats Campaign, focusing on Bitcoin integration and boosted rewards.
Recently, the widely growing Ethena Protocol announced the launch of the ENA token. This launch marks a significant milestone in the evolution of digital currencies.
Notably, the protocol’s USDe supply has surged to over $1 billion, making it one of the fastest USD-denominated assets to reach this milestone in crypto history. This feat underlines Ethena’s position as a new emerging leader in the DeFi landscape.
With its growing ecosystem, Ethena has attracted key players in the DeFi space, including MakerDAO, Frax, Curve Finance, and Aave, among others. These integrations also show the growing relevance and adoption of Ethena’s USDe stablecoin within the broader DeFi ecosystem.
Scheduled for April 2nd, users will have the opportunity to claim their share of 750 million ENA tokens, representing 5% of the total supply, based on their accumulated shards—a measure …
The post Ethena Protocol Launches ENA Token, Redefining DeFi Market appeared first on Coin Edition.
