Hello everyone! First, let’s introduce the earnings from seasons S2 and S3.
Season S2: Release 5% of the total, 750 million coins in total, earning 27,853.08 sENA.
S3 season: Release 3.5% of total, 525 million coins in total, earning 50,950.82 sENA. The annualized yield rate of ENA is 28.6%
S4 season: Release a total of no less than 3.5%, expected to receive 140,000 sENA, at the current price of 0.3U, approximately over 300,000 yuan.
A total of 78,804 was obtained over two seasons, valued at 0.33U each, totaling 189,800 yuan.
Rewards from S2 + S3 continue to be staked into S4, snowball mining.
. The S4 season is from March 23 to September 23, a total of 6 months, with rewards expected in October.
🚀 Official event address enjoy 10% boost: https://app.ethena.fi/join/vn2np
ENA essentially is a mining coin, like BNB, the more you hold, the stronger your mining ability. Besides being able to mine four airdrops, it also carries a buff for mining efficiency on USDe positions. As the Converge chain of Ethena is launched, its application capability will further enhance. This is my forward-looking thought on this coin.
Participants in S3 can lock the earned sENA after claiming rewards to receive double Ethereal+Derive+Echelon airdrop points.
📌Ethena background introduction (can be skipped)
Ethena is an innovative synthetic dollar protocol that has launched the stablecoin USDe and the dollar savings asset sUSDe. Its uniqueness lies in the use of Delta neutral strategies to hedge against collateral asset price fluctuations, significantly increasing capital efficiency. Additionally, Ethena integrates traditional finance, expanding the application scope of USDe.
In terms of financing, Ethena has completed three rounds of financing, totaling approximately $119.5 million, with major investors including BlackRock, Binance, OKX Ventures, Dragonfly, Maelstrom Capital, and Brevan Howard Digital among well-known institutions. Traditional financial giants like PayPal, Franklin, and founders of multiple CEX platforms and derivatives trading platforms have also joined Ethena's investment camp.
BlackRock's $500 million tokenization fund plan is underway to allocate $34 million to Ethena's RWA investment plan.
Additionally, the stablecoin USDtb based on the Ethena chain will soon be launched, led by the famous investment institution BlackRock, which is a stablecoin backed by dollar-denominated assets, complementing USDe, making the entire stablecoin system more secure and reliable.
The decentralized exchange Ethereal based on Ethena and USDe will also launch in May this year, and is currently holding a pre-deposit activity for Season 0, see here -> Ethereal Season 0 airdrop tutorial
📌Ethena Season 3 airdrop introduction (even if you don’t understand, you can directly scroll down to see the operation process)
🚀 Official event address: https://app.ethena.fi/join/vn2np Enjoy a 10% boost
☀️ Earnings analysis explanation (pure content, skip if you don’t understand, directly operate):
Staking ENA will receive interest-bearing token sENA. (Unstaking requires 7 days)
1. 🔥 Hold sENA 🔥 to receive the following rewards:
1. Ethena points 40x
2. Ethereal points (15% of total tokens) 1x
3. Derive points (5% of total tokens) 1x
4. Echhelon points (5% of total) x1
5. Provides mining point bonuses for various USDe positions (including YT), based on value ratio, bonus effect 20%-100%.
⭐️This is 1 fish 4 eats, claiming 4 airdrops at the same time!⭐️
2. 🔥 Lock (lock) sENA 🔥 to receive the following rewards. (Unlocking requires 14 days)
1. Ethena points 40x
2. Ethereal points (15% of total tokens) 2x
3. Derive points (5% of total tokens) 2x
4. Echhelon points (5% of total tokens) 2x
5. The bonus capability for USDe positions remains unchanged
3. Stake (stake) USDe, earn yield-bearing token sUSDe
Holding sUSDe earns 2x points daily, along with dynamic deposit interest weekly. Due to the generation mechanism of USDe, interest can rise to an annualized rate of 20% or even 30%+ during market upswings, and only 4-5% during downswings. (Not recommended)
4. Lock (lock) USDe, (unlock requires 7 days)
Earn Ethena points daily 20x, if using Binance wallet, there will be a 20% bonus.
This point income can be enhanced by sENA, 20%-100%
(This item is also not recommended, as many pools have 50x points)
5. 🔥 Buy yield-bearing assets like YT-sENA, YT-USDe, YT-eUSDe in Pendle 🔥
YT has a time limitation, a large number of points discovered during this period will lose their value after expiration.
You can use a small amount of funds to obtain a large amount of YT, increasing massive points to gain significant airdrop benefits, thus completing arbitrage.
If you stake ENA, do not waste the bonus capability of ENA, it's best to pair it with some YT-eUSDe or YT-USDe. (This is an arbitrage opportunity, very important!)
✈️ Strategy summary: (If you don't understand the above, just follow the instructions below)
ENA, as the cornerstone of the entire airdrop, is the source to obtain Ethereal+Derive+Echelon airdrops, as well as providing bonus capability for USDe positions, buying on dips, holding long-term, while anticipating the future development of Ethena, including the application degree of USDe, USDtb, and the development of the Converge chain. Short-term mining can use YT-sENA instead. USDe positions can be paired with YT-USDe, YT-eUSDe.
☀️ Specific operation method (important!):
1. Buy ENA, withdraw to a web3 wallet, try to withdraw as much as possible at once to reduce transaction fees.
2. Open the official event address on a computer browser or mobile phone
https://app.ethena.fi/join/vn2np Enjoy a 10% boost
3. In the top right corner connect wallet, connect your wallet.
Click the three horizontal lines in the top right corner to enter earn
Click max under stake, select all ENA, then confirm, and you can achieve 1 fish 4 eats!
Then deploy USDe positions, log in to the Etherela official website:
https://deposit.ethereal.trade/points?ref=B0TDOQ
Follow the instructions in the graphic.
Click here as shown
Then buy YT-eUSDe according to the image
Thus, you have completed the combination of ENA and YT-eUSDe, maximizing mining efficiency.
Advanced YT arbitrage tutorial, you can view it here. Pendle's YT arbitrage tutorial
🚀 Official event address: https://app.ethena.fi/join/vn2np Enjoy a 10% boost
FAQ:
1. How to claim rewards:
S3 rewards will be available for claim at 0:00 on May 2, on the page https://ethena.liquifi.finance/.
2. Can I unlock/unstake midway?
Answer: You can unlock anytime, then withdraw. Unstaking has a 7-day cooldown period.
3. Will points disappear after unlocking?
Answer: Unlock and withdraw, points will not disappear, but your rewards will decrease. Because your points no longer grow while others are mining, total points are increasing, thus your reward share will be smaller.
4. How to calculate the current point value in ENA
Answer: You can use the ENA airdrop catcher-reward calculator in the airdrop community https://airdropzone.cn/ena.html
Enter the tool page, click login -> automatically redirect to the ENA homepage (convenient for you to remember your points and total points) -> click the back button in the top left corner to return to the reward calculator page, input your points and total points. Just calculate. ENA reward calculator tutorial
The person who copied my post below, after reading the tutorial, please give me a spit!
