Ethena is the issuer of the third largest stablecoin USDe, and also issues the revenue token ENA with a total of 15 billion. Currently, the fourth season of airdrops is underway. The first three seasons have released 13.5% of the total amount, 2.025 billion, and there are still 16.5% of the total amount, 2.475 billion sENA to be released.
📌My previous airdrop income:
Season 2: Released 5% of the total amount, a total of 750 million, and harvested 27853.08 sENA
Season 3: Released 3.5% of the total amount, a total of 525 million, and harvested 50950.82 sENA. The annualized ENA coin-based return rate is 28.6%
A total of 78,804 were obtained in seasons 2+3, which is a total of 189,800 yuan at the current 0.33U.
Continue to stake the rewards of S2+S3 in S4 for snowball mining.
S4 season: release no less than 3.5% of the total amount, it is expected to receive 13w-14w sENA, according to the current price of 0.3U, it is about 300,000 yuan
📌Season 4 time range:
. The S4 season is from March 23 to September 23, a total of 6 months, and the awards are expected to be collected in October.
🚀Official event address Enjoy 10% increase: https://app.ethena.fi/join/kxhze
ENA is essentially a mining coin, like BNB. The more you hoard, the stronger your mining ability will be. In addition to being able to mine 6 airdrops itself, it can also provide bonuses for the mining efficiency of USDe!
At the same time, with the launch of Ethena's Converge chain, its application capabilities will be further strengthened. This is my forward-looking thinking about this coin. I have already hoarded a large amount of ENA below 0.3 for mining.
📌Ethena Background Introduction (can be skipped)
Ethena is an innovative synthetic dollar protocol that launched the dollar stablecoin USDe and the dollar savings asset sUSDe. Its uniqueness lies in the adoption of a Delta neutral strategy to hedge the price fluctuations of collateralized assets, significantly improving capital efficiency. In addition, Ethena integrates traditional finance to expand the application range of USDe.
In terms of financing, Ethena has completed three rounds of financing, totaling approximately $119.5 million. The main investors include well-known institutions such as BlackRock, Binance, OKX Ventures, Dragonfly, Maelstrom Capital, and Brevan Howard Digital. PayPal, Franklin and other traditional financial giants, as well as the founders of multiple CEX platforms and derivatives trading platforms have also joined Ethena's investment camp.
BlackRock's $500 million tokenized fund plans to allocate $34 million to Ethena's RWA investment plan, which is already underway.
In addition, the stablecoin USDtb based on the Ethena chain has also been launched, led by the famous investment institution BlackRock. It is a stablecoin with US dollar-denominated assets as collateral, complementing USDe, making the entire stablecoin system more secure.
Ethereal, a decentralized exchange based on Ethena and USDe, is expected to be launched in July this year. Currently, the 0th season pre-deposit event is also being held, see ->Ethereal Season 0 Airdrop Tutorial
Terminal, a liquidity platform based on Ethena's Converage chain, has also launched an airdrop event
https://terminal.fi/?ref=CJMSZTDO can also receive a 10% bonus
📌Ethena-Season 4 Airdrop Introduction
🚀Official event address: https://app.ethena.fi/join/kxhze Get 10% bonus
Mining airdrop points are mainly divided into two types of positions:
1. sENA position (including unlocked sENA, locked sENA, YT-sENA)
2. USDe position (USDe spot, locked USDe, YT-USDe, YT-eUSDe, sUSDe)
sENA positions can provide bonus capabilities for USDe positions.
For example, if you originally had a 1000U USDe position and also had a sENA position worth 1000U, then your USDe position's mining ability will have a 100% bonus effect.
⭐️So pay attention to position matching!!!! Don't hold ENA spot for a long time, it's a big loss! Because staking can earn more money, sENA can be swapped back to USDe at any time (normal unlocking takes 7 days, instant realization has a slippage of about 1%)
You can choose different assets for mining according to different risk preferences. I can customize the most maximized mining plan for you here, so that your capital utilization rate is maximized.
☀️Income analysis explanation (Airdrop 1+5, 1 fish 6 eat):
Staking (stake) ENA will receive the interest-bearing token sENA. (It takes 7 days to un-stake, and the slippage of immediate realization by swap is about 1%)
sENA provides a total of 3 parts of income:
1) Ethena airdrop points 1 sENA 40 points per day
2) Obtain an additional 5 airdrop projects: Ethereal points + Derive points + Echhelon points + Terminal points + Sarata points (more will be added in the future). If you lock sENA, these points will be doubled.
3) Provide mining bonuses for USDe positions. This is also a very generous income, but you need to have a USDe position, otherwise you won't be able to use it and it will be a loss. Minimum 20% bonus, maximum 100% bonus.
If you have staked ENA, then don't waste ENA's bonus capabilities. Be sure to match it with some YT-eUSDe or YT-USDe. (There are arbitrage opportunities here, which is very important!)
☀️Arbitrage opportunity:
🔥Buy interest-bearing assets such as YT-sENA, YT-USDe, and YT-tUSDe in Pendle🔥,
YT has a limited time validity. It produces a large number of points during the period, and its own value is consumed after expiration.
You can use a small amount of capital to obtain a large amount of YT to increase a huge number of points, thereby obtaining a large number of airdrop benefits, and then complete arbitrage.
✈️Strategy summary:
ENA, as the cornerstone of the entire airdrop, is the source of obtaining the other 5 airdrops of Ethereal+Derive+Echelon+Terminal+Sarata, and provides bonus capabilities for USDe. Buy on dips, hold for a long time, and look forward to Ethena's future development, including the application degree of USDe and USDtb, and the development of the Converge chain. YT-sENA can be used for short-term mining. And USDe positions can choose to match YT-USDe, YT-tUSDe, YT-eUSDe.
☀️Specific Operation Method (Important!):
1. Buy ENA, withdraw it to a web3 wallet, and withdraw as much as possible at one time to reduce handling fees.
2. Open the official website event address on a computer browser or mobile phone
https://app.ethena.fi/join/kxhze Enjoy 10% increase
3. Connect wallet in the upper right corner to connect your wallet.
Click on the three horizontal lines in the upper right corner to enter earn
Click max under stake (pledge), select all ENA, and then confirm to eat 6 fish with 1!
Then deploy a USDe position, log in to the Terminal official website with your wallet, activate your airdrop qualification and receive a 10% reward:
https://terminal.fi/?ref=CJMSZTDO
Mobile terminal - operate according to the picture.
Computer side - as shown in the picture
Then buy YT-tUSDe according to the picture
1 YT tUSDe (USDe) is equal to 1 USDe mining power, providing 60 times Terminal points + 50 times Ethena points, killing two birds with one stone, and Ethena's points can also be doubled to 2 times the sENA position, which is up to 100 times Ethena points.
So far, you have completed the combination of ENA and YT-tUSDe, maximizing mining efficiency.
Your ENA position can also be replaced by YT-sENA, and USDe positions can also be arbitraged with YT-USDe, YT-eUSDe, YT-pUSDe.
Regardless of which USDe YT you choose first, before participating, go to the official website to activate your airdrop qualification and receive a 10% reward:
⭐️The Ethena official website is a must: https://app.ethena.fi/join/kxhze
I don't think the other ones are very necessary, but you can get the 10% reward qualification first. If the project becomes popular one day, you will have a first-mover advantage in hand.
(YT-tUSDe) Terminal official website: https://terminal.fi/?ref=CJMSZTDO
(YT-pUSDe) Strata official website: https://deposit.strata.money/?ref=PR8u2dqg
(YT-eUSDe) Ethereal official website: https://deposit.ethereal.trade/points?ref=B0TDOQ
For the advanced YT arbitrage tutorial, you can see it here. Pendle's YT Arbitrage Tutorial
There are also 3 tools to provide to everyone:
1. Reward Calculator - Basic Edition 1.0, calculate the current income based on the points you have obtained, calculate it every day.
2. Airdrop Catcher Pro 2.0 Overview of the changes in income every day in the future, and the final income summary, based on your mining speed
3. Airdrop Catcher 3.0 YT Arbitrage Edition Is it profitable to buy YT? Which one is more profitable? How much money can you make? Will it be anti-losing? You can calculate everything with this.
These are a few airdrop artifacts that can have miraculous effects if used well!!
Driven by quant, systematically explore Web3 dividends.
Reconstruct airdrop strategies and use data to define DeFi opportunities.
FAQ:
1. How to claim rewards:
S3 rewards will be available for collection at 0:00 AM on May 2nd on the https://ethena.liquifi.finance/ page.
2. Can I unlock/un-stake midway?
Answer: You can unlock at any time and then withdraw the coins. There is a 7-day cooldown period for un-staking. Of course, you can also choose the official website's swap to directly exchange sENA for USDe.
3. Will the points disappear after unlocking?
Answer: Unlocking and withdrawing coins will not cause the points to disappear, but your rewards will be less. Because your points no longer grow, while others are mining, the total points are growing, so your reward share will become smaller and smaller.
4. How to calculate how many ENA the current points value is?
Answer: You can go to the airdrop community and use the ENA airdrop catcher - reward calculator https://airdropzone.cn/ena.html
The thing in the ditch below is plagiarizing my post. Those who have read the tutorial, please spit on it!
