Airdrop Details

Information Details
Airdrop Type retroactive
Total Airdrop Amount 750 million ENA (5% of total supply)
Number of Eligible Users Over 90,000 users (Top 2000 wallets have vesting conditions)
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot March 26, 2024
Claiming Started April 2, 2024
Claiming Ends 30 days after launch (Approx. May 2, 2024)

Token Distribution

Distribution Amount
Maximum Not Known
Median/Average Not Known
Minimum Not Known

Eligibility Criteria

  • Users must have participated in the Ethena Shard Campaign and accumulated “shards” over the 6-week period.
  • Users who unstake, unlock, or sell all their USDe before April 1st will NOT be eligible.
  • The top 2000 wallets (by shard count) and Pendle YT holders will have 50% of their ENA subject to a 6-month vesting schedule.
  • Users must maintain their USDe balance at or above their March 26th snapshot balance to receive their full vesting allocation.
  • Certain NFT holders (SchizoPosters & Redacted Remilio Babies) will receive 3% of the initial airdrop (0.15% of total supply).
  • Users who fully exited Ethena’s pools before the snapshot lost all their shards and are ineligible.
  • Users who unstaked before March 26 but did not sell their USDe remain eligible.

Additional Information

  • ENA will be used for governance decisions regarding Ethena’s risk management, exchange integrations, and protocol operations.
  • The vesting schedule for the top 2000 wallets includes a pro-rata mechanism where users lose a proportional amount of unvested ENA if they reduce their USDe balance.
  • The next incentive campaign, “Sats Campaign,” will run for 5 months, rewarding users who participate in Ethena with BTC-backed incentives.
  • Unclaimed ENA after 30 days will be redistributed to active Ethena participants.