The Ethena airdrop is the longest-lasting and most certain yielding airdrop project, and the third season will end in a month. However, there will be a fourth season airdrop, and holding USDe as a stablecoin allows timely exit (sUSDe requires 7 days), thus this airdrop merits attention. Additionally, Trump’s cryptocurrency agreement WLFI has invested heavily in ENA, so this project is worth following.
Q3 Airdrop Outlook
The Q3 airdrop scoring started on September 2 and will end on March 23, 2025. Participants from the first two seasons can receive an additional 10% points. Specific distribution amounts have not yet been announced.
Visit the Ethena APP website, link your EVM wallet and sign in. You can use the invitation code: vwvmj;
You need these assets USDT to participate in the airdrop. You can obtain USDT from Binance (20% fee discount), OKX (20% fee discount), or BitGet (20% fee discount);
Enter the Ethena application and click ‘Buy’ to purchase some USDe.
Click ‘Earn’ to convert USDe into sUSDe to receive future Ethena airdrops.
Ethena is building derivative infrastructure to transform Ethereum into a global internet bond through delta-neutral positions on stETH, creating the first crypto-native yielding stablecoin: USDE.
Q2 Airdrop Review
The Q2 airdrop for Sats started on April 1 and lasted for a maximum of 5 months, or ended when the USDe supply reached 5 billion. Although the USDe supply grew to $3.6 billion in early July, it ultimately did not hit the target of 5 billion due to market downturns, and the activity ended on September 2.
- During the event, the USDe supply grew from 1.3 billion to 3 billion.
- The Ethena protocol generated $105 million in revenue and distributed $54 million in rewards, with an average APR of about 15%.
- USDe has expanded to multiple public chains and CeFi, DeFi ecosystems, such as Solana, Aave, LayerZero.
- Participants can check their airdrop shares on claim.ethena.fi starting September 9, and receive them from September 30.
- 50% of the shares for the top 2000 addresses will be locked for 6 months with linear unlocking.
- If the USDe balance is below the 30-day average snapshot value prior to claiming, the airdrop share will be proportionally reduced, with the reduced portion redistributed to locked ENA or sENA users.
- The claiming period is 30 days, and any unclaimed portion after this period does not include locked shares.