On July 11, Strata announced its participation in the Converge chain built by Ethena and Securitize, and allocated a 7.5% token airdrop to sENA ($ENA staking).
This is the third airdrop project of Converge.
Ethereal: Contract trading market
Terminal: Spot trading market
Strata: Structured products
Ethena is building a complete on-chain yield source for institutional-grade assets.
For retail investors, more new protocols = more airdrops.
With Converge continuously welcoming new projects, it seems there are only two ways left to maximize returns:
USDe circular lending: Amplifying returns through cooperative agreements with Ethena, such as Pendle, Aave, Morpho, TermMax, Euler, etc., via circular lending.
sENA: Stake ENA in hand to earn airdrop points for all new projects at once.
The airdrop of new projects is allocated to all participants from a limited ratio. When others choose to use Pendle YT or LP to double their airdrop points, simply staking USDe in hand no longer has any advantage. (What I mean is, just look at Terminal's TVL in Pendle!)
So, if you are willing to bear the risks of ENA fluctuations or are optimistic about the Ethena team's ability to build Converge, boldly use sENA to earn airdrop points for new projects on the Converge chain!
If you ask me how to earn returns through Ethena without bearing the risks of circular lending or ENA, don't forget:
TON Space: 14% USDe APY
TON Wallet: 15% USDe APY (USDT-USDe)
If you are simply looking to earn returns using USDe, please focus on the fixed interest returns in promotions; the airdrop battlefield has already moved far away from you.
Summary
The Ethena yield strategies are gradually differentiating with the frequent good news about Converge; each of the three strategies has its own advantages and risks, with no absolute good or bad. The only certainty is that the earnings are waiting for you to earn.
Additionally, it seems Converge is speeding up; both Terminal and Ethereal are in the pre-staking phase, and the new project Strata hasn't even opened the pre-staking feature yet. Perhaps Converge is really preparing to launch in the first half of Q3?
(The author predicts that Converge will launch new DeFi protocols, such as native lending protocols, to fill every market)
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※Ethena code:
eu54u
※Terminal code:
AUXHUOLV
Welcome to use the link to visit Terminal and leave a top comment
※Ethereal code:
R7AH81
Welcome to use the link to visit Ethereal and leave a top comment
※The above content does not constitute investment advice. Users should operate according to their own risk tolerance. DYOR and participate in the investment market with caution.
※The attached images are from Strata, Ethena, Pendle
