Tuesday, 23 July 2024

Crypto News

Binance adds Ethena (ENA) as 50th Launchpool project

Binance adds Ethena (ENA) as 50th Launchpool project

  • Binance has introduced Ethena (ENA), a synthetic dollar protocol, as the 50th Launchpool project.
  • Farming ENA by staking BNB and FDUSD is open for three days from March 30, 2024.
  • Binance will open trading for ENA on April 2, 2024.

Ethena (ENA) is the 50th project to hit the Binance Launchpool.

This is after Binance, the world’s largest crypto exchange by trading volume, announced the opportunity for users to farm ENA tokens ahead of trading support next week.

Ethena (ENA) to list on Binance

Binance said in the announcement on Friday that users can now stake BNB and FDUSD and farm ENA tokens for three days starting March 30, 2024 at 00:00 UTC. ENA farming is not available to users in Australia, Canada and the US among other jurisdictions, Binance noted.

Meanwhile, the exchange will be the first crypto exchange to open ENA trading on April 2, 2024 at 8:00 UTC.

Supported trading pairs for the new token will be ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

Binance’s Launchpool farming announcement comes a day after Ethena Labs revealed a 750 million airdrop of ENA to its community on Thursday.

The airdrop will account for 5% of the total supply of ENA and will be open for trading as from April 2. According to the project, the airdrop will be open to participants in its “shard campaign.” This involved the staking of the synthetic dollar (USDe).

Some of the top projects to land on the Binance Launchpool include Portal, Maverick Protocol, Sui, Aevo, and ETHFI.

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