How to Participate in Binance Launchpool?
To join the new token mining pool:
- Visit the Binance Launchpool homepage
- Select your preferred mining pool
- Stake BNB for maximum rewards or FDUSD as alternative
Project Details
- Token Name: Ethena (ENA)
- Max Token Supply: 15,000,000,000 ENA
- Initial Circulation: 1,425,000,000 ENA (9.5% of total supply)
- Mining Allocation: 300,000,000 ENA (2% of total supply)
- Requirements: KYC verification mandatory
Hourly Mining Caps:
- BNB Pool: 333,333.33 ENA
- FDUSD Pool: 83,333.33 ENA
Mining Period
UTC+8: March 30, 2024 (08:00) to April 2, 2024 (07:59)
Understanding Ethena Protocol
Ethena is a synthetic dollar protocol built on Ethereum that creates crypto-native solutions for dollar-denominated financial tools without traditional banking infrastructure. Key features:
- USDe: A censorship-resistant stablecoin backed by delta-hedged Ethereum collateral
- Internet Bond: Combines staking yields with derivatives market returns to create crypto-native savings instruments
👉 Discover how synthetic assets revolutionize DeFi
ENA Token Utility
- Governance: Voting rights for protocol decisions
- Initial Supply: 1,425,000,000 ENA at launch (9.5% of total 150B supply)
Token Distribution and Release Schedule
(Detailed breakdown to be announced by Ethena Labs)
Project Community
FAQ
What makes Ethena's USDe different?
USDe maintains stability through delta hedging strategies against Ethereum collateral, creating a transparent, on-chain alternative to traditional stablecoins.
How long is the mining period?
The Launchpool event runs for 72 hours from March 30 to April 2, 2024 (UTC+8).
👉 Learn about advanced staking strategies
Can I participate without KYC?
No, Binance requires completed Know-Your-Customer verification for all Launchpool participants.
What's the advantage of staking BNB?
BNB stakers receive proportionally higher rewards compared to FDUSD participants, reflecting Binance's ecosystem incentives.
When will ENA tokens be distributed?
Tokens are distributed hourly during the mining period, with claims available after the event concludes.