The ENA token will be airdropped to eligible participants on April 2.
The decentralized finance protocol will distribute the 750 million ENA tokens to holders of “shards,” or digital units measuring users’ engagement with the protocol, Ethena Labs said Wednesday in a statement. The airdropped tokens represent 5% of the total 15 billion ENA supply.
According to Ethena Labs' statement, the ENA token will be airdropped to eligible participants on April 2 and become available on centralized cryptocurrency exchanges . The size of each user's drop is determined by the amount of "shards” they accrue through April 1. The statement said users must keep their USDe staked or otherwise held on the Ethena protocol to receive the free tokens.
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