Binance has announced the 50th project on Binance Launchpool – Ethena (ENA), a synthetic dollar protocol.
Users will be able to stake their BNB and FDUSD into separate pools to farm ENA tokens over three days, with farming starting from 2024-03-30 00:00 (UTC).
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.
ENA Launchpool Details:
- Token Name: Ethena (ENA)
- Max Token Supply: 15,000,000,000 ENA
- Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
- Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
- Smart Contract Details: Ethereum
- Staking Terms: KYC required
- Hourly Hard Cap per User: 333,333.33 ENA in BNB pool, 83,333.33 ENA in FDUSD pool
Supported Pools:
- Stake BNB (webpage will be available in around 5 hours): 240,000,000 ENA in rewards (80%)
- Stake FDUSD (webpage will be available in around 5 hours): 60,000,000 ENA in rewards (20%)
- Farming Period: 2024-03-30 00:00 (UTC) to 2024-04-01 23:59 (UTC)
Project Links
Website: https://www.ethena.fi/
Whitepaper: https://ethena-labs.gitbook.io/ethena-labs/
X: https://twitter.com/ethena_labs
Discord: https://discord.gg/QqgVaUmM
Telegram: https://t.me/ethena_labs