• Ethena Labs has introduced that the ENA airdrop is ready for April 2, with buying and selling on exchanges additionally open.
• Eligible Shard Campaign contributors shall be airdropped tokens amounting to 750 million, or 5% of ENA provide.

Ethena Labs is ready to mark your next step in its decentralization with some of the largest airdrops within the crypto marketplace.

The Ethena Labs workforce announced that the extremely expected ENA token airdrop occurs subsequent week, on April 2. Trading on crypto exchanges additionally opens at the day.

Per the replace, the DeFi protocol’s group will obtain a distribution of 750 ENA tokens, which constitute 5% of the entire provide of 15 million ENA tokens.

ENA distribution follows Ethena’s mainnet release in February and marks the tip of the undertaking’s “Shard Campaign”.

Users’ engagement and accumulation of “shards” ends on April 1, permitting the group to assert ENA tokens from April 2.

ENA airdrop: Who’s eligible?

According to a press release from Ethena Labs, airdrop eligibility shall be pegged on customers’ shards accumulation as much as the snapshot date on April 1. During this program, the USDe stablecoin’s provide rose to over $1.38 billion.

Participants should have held onto their staked USDe to qualify. Unstaking or promoting USDe prior to this date will see contributors change into ineligible for the ENA airdrop.

However, following an exploit on DeFi protocol Prisma Finance, a “21 day lock on the mkUSD<>USDe pool on Ethena” used to be lifted. The exploit on Prisma on Thursday noticed greater than $10 million in property stolen and the Ethena workforce said the wish to permit customers right away withdraw their capital.

“Users will not lose any shards or accrued rewards for withdrawing from this pool,” Ethena Labs posted on X.

We are conscious about the continuing problems with our buddies at @PrismaFi

The 21 day lock at the mkUSD<>USDe pool on Ethena has been lifted with fast impact so customers can withdraw as required

Users is not going to lose any shards or amassed rewards for chickening out from this pool https://t.co/NEGXegqMVp

— Ethena Labs (@ethena_labs) March 28, 2024

Notably, the highest 2,000 wallets eligible for the airdrop will obtain 50% in their allocation and feature the opposite 50% topic to a 6-month vesting time table.

The final wallets, which might be these days eligible for smaller allocations, are set to benefit from the complete liquidity of airdropped tokens beginning April 2.