Hello everyone! First, let me introduce the earnings from Season 2 and Season 3.
S2: Released 5% of the total amount, totaling 750 million, earning 27,853.08 sENA.
S3: Released 3.5% of the total amount, totaling 525 million, earning 50,950.82 sENA.
S4: Release a total amount of no less than 3.5%, expecting to receive 80-90 thousand sENA.
In two seasons, a total of 78,804 were obtained, totaling 189,800 yuan at the current rate of 0.33U.
Rewards from S2+S3 continue to be staked in S4, for snowball mining.
Among them, the annualized yield of S3’s ENA coin is 28.6%. What do you think of this yield?
Season 4 runs from March 23 to September 23 for a total of 6 months, with awards expected in October.
🚀 Official event address enjoy a 10% boost: https://app.ethena.fi/join/vn2np
ENA is essentially a mining coin, like BNB. The more you hold, the stronger your mining ability. In addition to being able to mine four airdrops, it also provides a buff to the mining efficiency of USDe positions. With the launch of the Converge chain construction by Ethena, its application ability will further strengthen. This is my forward-looking thought on this coin.
Participants in S3 can lock the sENA obtained after claiming rewards to earn double the Ethereal + Derive + Echelon airdrop points.
📌 Introduction to Ethena background (can be skipped)
Ethena is an innovative synthetic dollar protocol that has launched the US dollar stablecoin USDe and the US dollar savings asset sUSDe. Its uniqueness lies in adopting a delta-neutral strategy to hedge against price fluctuations of collateral assets, significantly improving capital efficiency. Moreover, Ethena integrates traditional finance, expanding the use cases for USDe.
In terms of financing, Ethena has completed three rounds of financing, totaling about $119.5 million, with major investors including BlackRock, Binance, OKX Ventures, Dragonfly, Maelstrom Capital, and Brevan Howard Digital. Traditional financial giants like PayPal and Franklin, along with founders of several CEX platforms and derivatives trading platforms, have also joined Ethena's investment camp.
BlackRock's $500 million tokenization fund plan to allocate $34 million to Ethena's RWA investment plan is underway.
Additionally, the USDtb stablecoin based on the Ethena chain is also about to launch, led by the famous investment firm BlackRock. It is a stablecoin backed by dollar-denominated assets, complementing USDe, making the entire stablecoin system safer and more secure.
The decentralized exchange Ethereal based on Ethena and USDe will also launch in May this year, and is currently holding a pre-deposit event for Season 0. For details, see -> Ethereal Season 0 airdrop tutorial
📌 Introduction to Ethena Season 3 airdrop (if you do not understand, you can directly scroll down to see the operation process)
🚀 Official event address: https://app.ethena.fi/join/vn2np Enjoy a 10% boost
☀️Profit analysis explanation (pure content, skip if you do not understand, just follow the operation):
Staking ENA will receive interest-bearing tokens sENA. (Unstaking requires 7 days)
I. 🔥Holding 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. Provide mining point boosts for various USDe positions (including YT), with bonus effects of 20%-100% based on value proportion.
⭐️This is 1 fish 4 eats, grabbing 4 airdrops at once!⭐️
II. 🔥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.
III. Stake (stake) USDe, to obtain interest-bearing tokens sUSDe
Holding sUSDe earns 2x points daily, as well as dynamic weekly deposit interest. Due to the generation mechanism of USDe, interest can rise to an annualized 20% or even 30%+ during market upswings, while only 4-5% during downturns. (Not recommended)
IV. Lock (lock) USDe, (Unlock requires 7 days)
Earn Ethena points daily at 20x, and if using Binance wallet, there will be a 20% boost.
This point income can be enhanced by sENA, by 20%-100%.
(This is not recommended either, as many pools offer 50x points)
V. 🔥Buy YT-sENA, YT-USDe, YT-eUSDe and other interest-bearing assets in Pendle🔥
YT has a time limit, and a large number of points will be checked during this period. After expiration, its value will be consumed.
You can use a small amount of funds to obtain a large number of YT, thereby increasing points significantly to gain a large amount of airdrop rewards, completing the arbitrage.
If you stake ENA, do not waste ENA's bonus capability. It is best to pair it with some YT-eUSDe or YT-USDe. (This is an arbitrage opportunity, very important!)
✈️ Strategy Summary: (If the above is confusing, just follow the steps below)
ENA, as the cornerstone of the entire airdrop, is the source for obtaining Ethereal + Derive + Echelon airdrops and provides a boosting ability to USDe positions. Buy low and hold long term while anticipating Ethena’s future development, including the application degree of USDe, USDtb, and the development of the Converge chain, etc. Short-term mining can use YT-sENA as a substitute. USDe positions can be paired with YT-USDe, YT-eUSDe.
☀️Specific operation method (important!):
1. Buy ENA, transfer it to a web3 wallet, try to withdraw as much as possible at once to reduce transaction fees.
2. Open the official event address in a computer browser or on your phone
https://app.ethena.fi/join/vn2np Enjoy a 10% boost
3. Click connect wallet in the top right corner to 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 image.
Click here as shown in the image
Then follow the image to purchase YT-eUSDe
At this point, you have completed the pairing of ENA and YT-eUSDe, maximizing mining efficiency.
Advanced YT arbitrage tutorial can be viewed here. Pendle 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 collection at 12:00 AM on May 2 on the page https://ethena.liquifi.finance/
2. Can I unlock/unstake midway?
Answer: You can unlock at any time, then withdraw. There is a 7-day cooling-off period for unstaking.
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, so your share of rewards will become 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
Go to the tools page, click login -> automatically redirects to the ENA homepage (to help you 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, and calculate. ENA reward calculator tutorial
To the one who copied my post, give me a spit after reading the tutorial!
