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

This comes after Binance, the largest cryptocurrency exchange in the world in terms of trading volume, presented users with the opportunity to farm ENA tokens before trading support is available next week.

Binance announced on Friday that users could stake BNB and FDUSD to farm ENA tokens for three days starting from March 30, 2024 at 00:00 UTC. However, Binance specified that ENA farming is not accessible to users in countries such as Australia, Canada, and the US.

The exchange is set to launch ENA trading on April 2, 2024, at 8:00 UTC. The supported trading pairs for the new token will be ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

Just a day before the Binance announcement, Ethena Labs disclosed a 750 million airdrop of ENA to its community. This airdrop accounts for 5% of ENA's total supply and will commence trading on April 2. The airdrop will be available to participants in the "shard campaign," which involved staking the synthetic dollar (USDe).

Among the noteworthy projects enlisted on the Binance Launchpool are Portal, Maverick Protocol, Sui, Aevo, and ETHFI.