Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Users who lock 50% or more of their ENA relative to their balance of USDe will receive a reward boost of 50%.01:58ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of"season 2," which includes a 50% increase in rewards for a portion of users.
As of April 8, users can lock in ENA for a minimum of seven days. Users who lock 50% or more of their ENA relative to their balance of USDe will receive a reward boost of 50%."Team and investor allocations, which are locked on vesting schedules, will not be able to participate in the $ENA lock," Ethena Labs wrote in a
and simultaneously shorting the asset to generate an annual yield in a cash and carry trade. The platform has employed a similar strategy on etherin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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