Ethena Labs is a decentralized Ethereum-based stablecoin (USDe) protocol. Ethena’s stablecoin is positioned as a savings instrument independent of the traditional banking system. It is backed by Ethereum collateral.
The project has attracted investments worth $20.5 million from such funds as DragonFly Capital, Binance Labs, Delphi Digital and others.
Now Ethena is running a campaign during which we can farm points (shards), for which, most likely, you will be able to get drops.
In this guide we will look at how to take part in the campaign from the project to get potential drops.
Hyde on passing the activities
- Go to the site, connect your wallet and buy USDe in the Buy section:
- Open the Stake section and stake our USDe for which we get sUSDe:
- In the Liquidity section, keep an eye on the pools’ fullness. Contribute funds if there is room:
Conclusion
Activity takes place on the Ethereum network, so it is worth choosing a time when gas prices are minimal. The largest number of points is given for providing liquidity, so keep an eye on the pools’ fullness and when there is space in them, contribute your assets.
Subscribe to the project’s social networks to avoid missing important updates.
Highlights:
- Stacking stablecoins;
- contributing assets to liquidity pools;
- farming points.
Useful links: Website | X | Discord
