Ethena is a decentralized finance (DeFi) platform focused on liquidity provision and yield generation, utilizing a unique token model with its main token $ENA. The project has successfully raised $20.5 million from notable backers such as DragonFly Capital and Binance Labs, allowing it to enhance its offerings and expand its ecosystem. With the commencement of Season 2, Ethena aims to reward early users with boosted incentives, particularly those who participated in Season 1, thereby fostering long-term engagement within its community.

The Ethena airdrop is structured to provide existing users with a 20% boost in rewards during Season 2, contingent on adhering to vesting conditions or adding new liquidity. Users can lock $ENA tokens to increase their earnings significantly, with rewards scaling up to 100%. The campaign runs from April 1, 2024, to September 5, 2024, and includes various activities designed to maximize user engagement and yield generation within the platform.

How To Farm Ethena (Season 2) Airdrop

To farm the Ethena airdrop, participants must engage in specific activities such as locking $ENA tokens for a minimum of seven days, depositing USDe liquidity, and utilizing the platform's various integrations with other DeFi protocols. Users can also earn additional rewards by participating in liquidity pools and leveraging their existing positions within the Ethena ecosystem. The more users engage with the platform, the greater their potential rewards will be.