Ethena Airdrop - page 4. | Bitcointalksearch.org

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Quote from: nelson4lov on March 31, 2024, 12:55:22 PM

It was unfortunate but that was the reality of things. I don't have plenty of shards but I do hope that it's worth it. If completely linear distribution, then not so much.

For the second season, I won't be showing up unless they decide to spin up a YT pool on Arbitrum or another L2.

Not sure how the ethena will do the airdrop if its a linear or got some tier rounds. But due to their rules that some might not eligible even early supporters who joined before and unstake prior to snapshot they will ne disregarded. Thats an added unsaturated method for some solid supporters who keep providing liq or locking their funds. The estimate participants are 100k but probably lower than that will be the eligible due to some rules.

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Quote from: nelson4lov on March 31, 2024, 12:55:22 PM

I participated in ENA via locking for 10x shards — I didn't earn much shards but it was honest work. I didn't like the fact that there was no Pendle YT pool for USDe on Arbitrum network or any other L2s. The gas cost to zap into the Usde YT pool on Ethereum Mainnet was around $200 when gwei was averaging 50-60 gwei. It was unfortunate but that was the reality of things. I don't have plenty of shards but I do hope that it's worth it. If completely linear distribution, then not so much.

For the second season, I won't be showing up unless they decide to spin up a YT pool on Arbitrum or another L2.

Obviously you were in too much of a hurry to join the Shard Campaign, which is why you had to pay such a high commission. I paid a commission of $28 with a gwai of 19, which I consider acceptable for the Ethereum network. In addition, I needed to confirm one more transaction than you, since I was placing an LP. Nevertheless, it would be in vain to expect that the second season will be in L2.

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I participated in ENA via locking for 10x shards — I didn't earn much shards but it was honest work. I didn't like the fact that there was no Pendle YT pool for USDe on Arbitrum network or any other L2s. The gas cost to zap into the Usde YT pool on Ethereum Mainnet was around $200 when gwei was averaging 50-60 gwei. It was unfortunate but that was the reality of things. I don't have plenty of shards but I do hope that it's worth it. If completely linear distribution, then not so much.

For the second season, I won't be showing up unless they decide to spin up a YT pool on Arbitrum or another L2.

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Quote from: Wapfika on March 31, 2024, 05:22:40 AM

I farm this token on Binance Launchpool yesterday. I think I’m already late but still it’s a sweet profit if ever that 0.7$ is the current price since I already accumulate more than 100ENA tokens using all my FDUSD savings. I don’t have any idea how huge this project is but I’m confident that mining it will payoff.

What’s the best way to farm it aside from Binance pool? I’m currently loaded with Stablecoins from my crypto savings since last 3 years.

After finishing the Binance Launchpool, you can take part in the ENA Launchpool on Bybit, which will be held from April 2 to April 9, 2024. In addition, you can join the second season, which will take place on http://app.ethena.fi and I am sure that it will also bring a good profit when staking a stablecoin.

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Quote from: Wapfika on March 31, 2024, 05:22:40 AM

Is this token already traded on DEX? How can you determine the current price because there’s no info about exchange for this token.

I farm this token on Binance Launchpool yesterday. I think I’m already late but still it’s a sweet profit if ever that 0.7$ is the current price since I already accumulate more than 100ENA tokens using all my FDUSD savings. I don’t have any idea how huge this project is but I’m confident that mining it will payoff.

What’s the best way to farm it aside from Binance pool? I’m currently loaded with Stablecoins from my crypto savings since last 3 years.

You can check the current premarket price on some platform like whalesmarket and bybit. Wow thats a good free money considering you are just farming the tokens by stablecoin. If you only used those stable to farm on their platform even before the binance launchpool announcement and airdrop probably youll get tons of free tokens.

Here is the link of current premarket price of buy and sell of ena tokens.

https://app.whales.market/?token=ENA

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Quote from: cryptoaddictchie on March 29, 2024, 05:41:06 AM

Yes you are right. Probably most tokens got listed on launchpool do a solid move but what do you think the potential of ena in terms of its current valuation. The supply is quite huge and their intitial circulation will be 1.4B at current price of 0.7 their estimate markercap valuation is at 1b. Do you think this could do another 3x or 5x marketcap? Plus all supply will be coming from airdrop and launchpool there is a 2.5% probably liquidty.

Is this token already traded on DEX? How can you determine the current price because there’s no info about exchange for this token.

I farm this token on Binance Launchpool yesterday. I think I’m already late but still it’s a sweet profit if ever that 0.7$ is the current price since I already accumulate more than 100ENA tokens using all my FDUSD savings. I don’t have any idea how huge this project is but I’m confident that mining it will payoff.

What’s the best way to farm it aside from Binance pool? I’m currently loaded with Stablecoins from my crypto savings since last 3 years.

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Quote from: God bless u on March 31, 2024, 01:25:40 AM

In my opinion we should try at least with the hope that it will be distributed because financing projects usually pay well and it's very important to take part in these type of air drops. Who knows which project will come true and if it will there will be a good amount of benefit free of cost.

They will pay or distribute the tokens as per their announcement. Users can checked theit rligibility prior to listing maybe on April 2 before the listing. Surely this will be followed by other big exchange as well as some of them already supported usde listing might as well list the first token of ethena platform. Not really sure of its use case for now maybe team will divulge information later on.

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Quote from: Husires on March 28, 2024, 05:59:14 AM

I do not like projects that start with comparisons and saying that it is the highest profitable protocol in the industry in just 3 weeks.

Projects which present such huge numbers are trying to attract as much attention as possible which should be sending a red flag already. It’s hard to tell how this will go in the future but if it seems like it can be hyped and taken advantage of even in a short time then why not try? At this point we should just try and figure out the ones we can make profits with.

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Quote from: cryptoaddictchie on March 28, 2024, 04:13:42 AM

Hello everyone the new project Ethena just announced their token launch and airdrop for users who are supplied stablecoin on their platform.

All details were indicated on their announcement.

https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/uCBp9VeuLWs-ul1b6AOUAoMg5HBB_iizMIi-11N6nT8

Ive personally farm this project using some of my stables since it has a lot of top tier backer including Binance and OKX and some notable people. Its just same with some native stable with a good protocol, sounds like terra but the team is good to prove that they can manage a system like ethena.

They will release their airdrop on April 2 including tge.

Ethena is a well looking project as it is claiming an airdrop of 750 million and this is not a small amount.It has taken a step to collaborate with the decentralized banking system. It is claiming to give it's user the airdrop with 6 weeks for the top ones and the other ones after a couple of months.

In my opinion we should try at least with the hope that it will be distributed because financing projects usually pay well and it's very important to take part in these type of air drops. Who knows which project will come true and if it will there will be a good amount of benefit free of cost.

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Quote from: tvplus006 on March 30, 2024, 05:12:18 PM

There is no doubt that we will see a big green stick at the beginning of trading, but I do not think that I will be able to sell at a price exceeding $1. Well, if I manage to sell my coins at a higher price, then I will be overly satisfied with my investments and will definitely leave my stablecoins for farming for the second season.

Always be in position to hits the market harder because milking is our ultimate target. Stablecoins will keep flowing in and also trigger the big moves in the system. I've o strong hope when it comes these altcoins projects because they have strong effects regarding our decisions. We should be concerned about these projects because we might never have a clue on the basic projects that will profits for us, however there's no room for reluctant actions, rather we keep pressing for the good work at our end for the purpose to earn.

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Quote from: tvplus006 on March 30, 2024, 05:12:18 PM

There is no doubt that we will see a big green stick at the beginning of trading, but I do not think that I will be able to sell at a price exceeding $1. Well, if I manage to sell my coins at a higher price, then I will be overly satisfied with my investments and will definitely leave my stablecoins for farming for the second season.

Thats also my plan if this airdrop did atleast 3/4 of my stable equivalent then its kinda good to leave out some for season 2. If people see the potential airdrop worth post of some CTs then this wull heavily farmed on 2nd season favoring ethena stablecoin. Just dont know what would be ena token usage on the platform maybe a booster to earning shards or a higher boost in APY. Didnt discuss that yet but the team should explained its utility to see how the token gonna cook in the future.

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Quote from: cryptoaddictchie on March 29, 2024, 05:41:06 AM

Yes you are right. Probably most tokens got listed on launchpool do a solid move but what do you think the potential of ena in terms of its current valuation. The supply is quite huge and their intitial circulation will be 1.4B at current price of 0.7 their estimate markercap valuation is at 1b. Do you think this could do another 3x or 5x marketcap? Plus all supply will be coming from airdrop and launchpool there is a 2.5% probably liquidty.

There is no doubt that we will see a big green stick at the beginning of trading, but I do not think that I will be able to sell at a price exceeding $1. Well, if I manage to sell my coins at a higher price, then I will be overly satisfied with my investments and will definitely leave my stablecoins for farming for the second season.

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Quote from: tvplus006 on March 29, 2024, 03:18:05 AM

From a marketing point of view, the Launchpool on the Binance and the subsequent listing on this exchange can further increase the price of the ENA coin. And as you know, if a coin has a listing on the Binance, then we will see the same listing on other large and not only large CEX.

Yes you are right. Probably most tokens got listed on launchpool do a solid move but what do you think the potential of ena in terms of its current valuation. The supply is quite huge and their intitial circulation will be 1.4B at current price of 0.7 their estimate markercap valuation is at 1b. Do you think this could do another 3x or 5x marketcap? Plus all supply will be coming from airdrop and launchpool there is a 2.5% probably liquidty.

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Quote from: cryptoaddictchie on March 29, 2024, 01:36:51 AM

Update guys, Ena just been announced on Binance launchpool. I think they are bound to be there as it is backed by Binance plus their hype is all around. Hope that airdrop tier is good and has potential profits...

From a marketing point of view, the Launchpool on the Binance and the subsequent listing on this exchange can further increase the price of the ENA coin. And as you know, if a coin has a listing on the Binance, then we will see the same listing on other large and not only large CEX.

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Quote from: tvplus006 on March 28, 2024, 11:50:14 AM

It is noteworthy that a day later, after the team officially announced the end of the Shard Campaign, the price at the Whales premarket increased by 50%. Now the price for 1 million Shards is about $1500. This is a good profit, which in my case is equal to about 80% of the invested funds in 2 months.

Damn!!! that's a really nice price. I have collected 2.2m shards from LPing 3k USD since last months. If that will be true and i will be doubling my money. How much did you get from your investment?

Here's my calculation regarding the shard price.

1 / (750M/340B)) = 454 shards per $ENA token

At $0.751 per $ENA, this means each shard is worth $0.00165418

750m = total airdrop to be given by the team.
340B = Total shards after the campaign will be completed.

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Update guys, Ena just been announced on Binance launchpool. I think they are bound to be there as it is backed by Binance plus their hype is all around. Hope that airdrop tier is good and has potential profits. We wait for the shard conversion figure, I think its not bad considering only 100k joined the campaign plus there are some forfeited due to early unstake and unlocked.

https://www.binance.com/en/support/announcement/6c216f219f0e42adb1849759dee3fbd9?utm_source=AnnouncementTG&utm_medium=GlobalCommunity&utm_campaign=AnnouncementBot

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Quote from: Coin_trader on March 28, 2024, 06:47:01 AM

...How do you guys knew if there’s a potential airdrop? Do you have a group which you share this kind of potential airdrop? I want to take a minimal risk on this trend but I’m not updated anymore on who or what to follow because I cut-off all my social media connection when I become busy to my personal business. Nice to see that there’s still worthy airdrop until now. Can we PM?

I joined the Shard Campaign on February 19th and made a post about it on the same day - https://bitcointalksearch.org/topic/m.63688300 I usually write in this thread about such projects in which I invest my own funds. But other participants also share their thoughts there, so join us, there are still many airdrops ahead)

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Quote from: Coin_trader on March 28, 2024, 06:47:01 AM

I know I’m late to this airdrop and I’m not an airdrop believer either but I have a lot of stablecoins sitting on my wallet right now along with my Bitcoin that I don’t move for a long time due to Bullrun fever.

How do you guys knew if there’s a potential airdrop? Do you have a group which you share this kind of potential airdrop? I want to take a minimal risk on this trend but I’m not updated anymore on who or what to follow because I cut-off all my social media connection when I become busy to my personal business. Nice to see that there’s still worthy airdrop until now. Can we PM?

If you are not airdrop believer why do you want to take such risk regardless?
You have so much stable sitting idle in your wallet when you could have already x50 or more of it just providing liquidity on most solana base airdrops.
If you really wanna know about airdrop farming, twitter is your friend, find all the airdrop degen and follow them, you will learn a thing or two.

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Quote from: mk4 on March 28, 2024, 12:36:06 PM

Only one thing you need to take note in this case is that their backers are actually reputable and heavily knowledgeable when it comes to market sustainability in general — Coinbase Ventures, DragonFly, Arthur Hayes from BitMEX, etc. Safe to say this has far better staying power than Terra/Luna had because this can't really implode unless multiple exchanges blow up.

Yeah of course surely these guys woulndt launch without being prepared. Well its too early too conclude anyway its still mystery for me how does ena token will play a role on the sustainability of their platform. But seeing the hype around airdrop, some definitely are there for the airdrop but the conditions they set is pretty wise too. Probably some who farmed shards and unstake when the end is near are probably crying out now on discord due to ineligibility.

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Quote from: cryptoaddictchie on March 28, 2024, 11:58:48 AM

Yeah it kinda looks like them but I like the explanation the team does. Not really good on financial aspect especially rates and open interest, but this has been discuss on our group as one of the alpha so its a big one. Nice good to know Im not the only one, I did inject fund during the 2nd day of farming of Id bag some pretty nice rewards.

Only one thing you need to take note in this case is that their backers are actually reputable and heavily knowledgeable when it comes to market sustainability in general — Coinbase Ventures, DragonFly, Arthur Hayes from BitMEX, etc. Safe to say this has far better staying power than Terra/Luna had because this can't really implode unless multiple exchanges blow up.

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