is a synthetic dollar protocol on Ethereum that offers a crypto-native solution for stable money, backed by crypto assets and short futures positions, and includes a globally accessible dollar-denominated rewards instrument called the “Internet Bond”. Their season 2 airdrop can now be claimed and season 3 has just started! Here is our token airdrop guide.
Ethena Season 2 Airdrop CLAIM and Season 3 BEGINS
What is Ethena ($ENA)
is a crypto platform on Ethereum that creates a synthetic dollar called USDe, backed by crypto assets and futures, offering a stable, crypto-native alternative to traditional banking. Here are Ethena’s ($ENA) main features:
- Synthetic Dollar Protocol: Ethena’s USDe is a synthetic dollar backed by crypto assets and short futures positions, unlike traditional fiat stablecoins.
- Peg Stability: USDe maintains stability through delta hedging derivatives against protocol-held collateral.
- Internet Bond: Combines revenue from staked assets and funding spreads from perpetual and futures markets to create a crypto-native solution for money.
- Crypto-Native Solution: Provides a scalable, fully-backed solution for money without relying on traditional banking infrastructure.
How to get Ethena ($ENA) token airdrops?
Time needed: 10 minutes
Here is how to potentially get more Ethena ($ENA) token airdrops.
1. Access portfolio
Connect your wallet to and click on “Portfolio”.
2. Claim Season 2 airdrop
In your portfolio, scroll down to find your Season 2 airdrop allocation. Follow the steps to claim your airdrop. Make sure you have participated in Ethena’s season 2 token airdrop. This is because only those who had participated in season 2 are eligible for this potential further airdrop.
3. Hold position in Ethena
Continue to hold your position in Ethena to qualify for further airdrops in Season 3 and beyond.
4. Participate in governance voting
Go to the latest governance proposal and cast your vote .
5. Stay updated for Season 3 Airdrop checker
If you participated in Season 3 airdrop, stay updated! The Ethena Season 3 airdrop checker will go live in the first week of April 2025. Make sure to follow the Ethena team for the official link to avoid scams.
6. Participate in Season 4 Rewards Campaign
Ethena is currently running Season Four of their campaign. You need to simply go down to the “How to Earn” area and hold the required assets (USDe sENA).
7. Interact with Pendle
Go to the section and interact with Pendle by providing liquidity to earn extra rewards.
8. Interact with Ethereal
Ethereal is Ethena’s native DEX, they are also doing their own airdrop campaign known as the Season Zero campaign. To participate in Ethereal’s Season Zero campaign, connect to . Then simply deposit USDe and hold it on the protocol. Note however if you want to withdraw your USDe tokens there is a 7-day unlock period.
9. Bonus: Provide liquidity
You can maximise your rewards on Ethereal and potentially also Ethena! To do this, consider providing liquidity into Pendle, Morpho and Euler.
