The highly anticipated Ethena airdrop is set to take place on April 2, 2024, providing an opportunity for crypto investors and traders to receive a portion of the massive 750 million ENA tokens being distributed by Ethena Labs. To qualify for the Ethena airdrop, interested individuals must possess USDe tokens.

Ethena Airdrop Details

The eligibility requirements for this airdrop will end on April 1, 2024, making it one of the shortest pre-token campaigns in the industry, closing in just six weeks. As of March 28, 2024, the total supply of USDe has exceeded $1.3 billion, establishing it as the fastest USD-denominated asset to surpass $1 billion in the crypto market.

Ethena Labs shared this information on social media and received positive feedback from Arthur Hayes, the former CEO of BitMEX, who expressed enthusiasm for the ENA token. Hayes' post suggested his strong interest in ENA tokens.

As the live date of the Ethena airdrop nears, here are several noteworthy accomplishments of Ethena Labs' USDe:

• The USDe supply is now 1.5 times larger than the entire tokenized treasury RWA market.
• The supply exceeds the combined on-chain ETH open interest of all decentralized exchanges by three times.
• It surpasses the supply of stablecoins on various platforms like Base, Blast, zkSync, Aptos, and Starknet combined.
• In just three weeks, Ethena became the highest-earning protocol in the industry, setting new standards for DeFi interest rates and growing its Reserve Fund to over $25 million within a month.

Ethena Airdrop Eligibility Criteria

To qualify for the Ethena Airdrop, interested individuals must meet the following criteria:

• Participate in the Shard Campaign, an initiative by Ethena Labs aimed at rewarding early participants of Ethena's ecosystem through activities like staking tokens or providing liquidity to earn "shards" rewards.
• Individuals who unstake, unlock, or sell all their USDe before the Shard Campaign ends will not be eligible for the airdrop.
• Maintain a USDe balance equal to or higher than what was held on the specific snapshot date of March 26, 2024.
• If providing liquidity and holding LP tokens, ensure they are not removed or sold before the airdrop date.
• Holders of specific NFT collections like SchizoPosters and Redacted Remilio Babies may qualify for a portion of the airdrop.
• The campaign is tailored for long-term participants, meaning individuals solely seeking to farm a quick airdrop and sell tokens may not be eligible.

Crypto users who fulfill all these requirements will be considered eligible for the Ethena Airdrop opportunity.