According to an official announcement, the decentralized stablecoin protocol Ethena has announced that it will launch the airdrop activity of its governance token ENA on April 2nd, and it is expected to be listed on centralized exchanges at that time.
Ethena (ENA) will issue a total of 15 billion tokens, with 30% allocated to core contributors and investors (locked up for 1 year), 25% allocated to ecological and economic development, and 15% allocated to the Ethena Foundation. It is reported that the initial circulation of ENA will be 1.425 billion tokens, and the total amount of this airdrop will be approximately 750 million tokens.
The eligibility and quantity of the airdrop will be calculated based on the Ethena Shard activity points (in addition, holders of SchizoPosters and Redacted Remilio Babies NFTs will also be eligible for the airdrop). The activity is expected to end on April 1st, and any user who cancels, unlocks, or sells any USDe before this date will not be eligible for the airdrop. The airdrop distribution will take place on April 2nd, and eligible participants will have 30 days to withdraw. After this, any unclaimed ENA tokens will be redistributed to users participating in the second quarter activity.
It should be noted that among the 90,000+ users who qualify for ENA distribution, the top 2000 wallet addresses by point ranking and Pendle YT token holders will be subject to lock-up restrictions. Initially, 50% will be released, and the remaining 50% will be linearly unlocked over the next six months. Wallet addresses ranked after 2000 will not have lock-up restrictions.
