Launchpool

April

Ethena

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Binance has just introduced Ethena (ENA) on Binance Launchpool, and the exchange will be the first one to list ENA.</li>
 <li>Users can now farm ENA by staking BNB and FDUSD.</li>
 <li>The announcement comes right after the project revealed its 750 million ENA tokens airdrop.</li>
</ul>
<p>Binance has just announced the 50th project on Binance Launchpool, Ethena (ENA). The webpage will be available later today, before the Launchpool starts.</p>
<p><a href="https://crypto.ro/en/news/binance-faces-escalating-regulatory-issues-in-nigeria-and-philippines/" rel="noopener noreferrer nofollow">Binance</a> has announced that users can stake their BNB and FDUSD into separate pools to farm ENA tokens over three days, starting from 2024-03-30 00:00 (UTC).</p>
<p>Binance will also be the first exchange to list the token ENA:</p>
<blockquote>
 <p>“Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs. The Seed Tag will be applied to ENA.”</p>
</blockquote>
<p>Binance’s strategic move is marking the exchange’s commitment to fostering liquidity and accessibility in the crypto market, offering traders options to engage with emerging projects such as Ethena.</p>
<h2 id="ethena-launchpool-details">Ethena Launchpool details</h2>
<p>Binance has provided clear information about Ethena’s Launchpool program, including details about token supply, rewards, and staking terms in the <a href="https://www.binance.com/en/support/announcement/introducing-ethena-ena-on-binance-launchpool-farm-ena-by-staking-bnb-and-fdusd-6c216f219f0e42adb1849759dee3fbd9" rel="noopener noreferrer nofollow" target="_blank">official announcement</a>.</p>
<p>The maximum token supply for the program is set at 15 billion ENA, with 300 million ENA reserved for Launchpool token rewards, which is equivalent to 2% of the total token supply. Participants in the program can expect significant rewards.</p>
<p>The first circulating supply of ENA is fixed at 1,425,000,000 ENA, which constitutes 9.5% of the maximum token supply.</p>
<p>Ethena operates on the Ethereum blockchain and enforces staking regulations that require Know Your Customer (KYC) verification, ensuring compliance with regulatory standards and enhancing security for users.</p>
<p>Users will be able to farm ENA by staking BNB and FDUSD.</p>
<p>Ethena Labs announced on X that the ENA public mainnet is about to start and revealed the <a href="https://twitter.com/ethena__lab/status/1773607609012007047" rel="noopener noreferrer nofollow" target="_blank">details for early access for Ethena airdrop allocation</a>.</p>
<h2 id="ethena-reveals-the-first-step-in-decentralizing-its-protocol">Ethena reveals the first step in decentralizing its protocol</h2>
<p>Binance’s announcement comes right after Ethena announced its airdrop scheduled for April 2.</p>
<p>The decentralized finance protocol on&nbsp;<a href="https://crypto.ro/en/news/ethereum-etf-looks-inevitable-as-fidelity-files-for-spot-eth-etf-staking-included/" rel="noopener noreferrer nofollow">Ethereum</a>&nbsp;announced on X the first step in decentralizing the protocol with the launch of ENA:</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 <p lang="en" dir="ltr">We are excited to announce the first step in decentralizing the Ethena protocol with the launch of: <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ENA</a> <a href="https://t.co/Xs7vvfmEEP" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/Xs7vvfmEEP</a></p>
 <p>— Ethena Labs (@ethena_labs) <a href="https://twitter.com/ethena_labs/status/1773077170132320626?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 27, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Ethena Labs has recently <a href="https://crypto.ro/en/news/ethena-labs-defi-protocol-on-ethereum-announces-750-million-ena-tokens-airdrop-on-april-2/" rel="noopener noreferrer nofollow">announced that they will be distributing 750 million ENA tokens</a> to users who hold “shards.” These shards represent the engagement of users with the protocol.</p>
<p>In the&nbsp;<a href="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/uCBp9VeuLWs-ul1b6AOUAoMg5HBB_iizMIi-11N6nT8" target="_blank" rel="noopener noreferrer nofollow">official announcement</a>, they revealed April 2 as the beginning of Ethena Protocol’s decentralization.</p>

Binance Just Announced Ethena (ENA) As 50th Launchpool Project

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