Artificial greenback protocol Ethena as we speak launched Season 4 rewards, and individuals who’ve been ready for his or her earnings since September can now declare their ENA tokens.
Season 4 will finish on September twenty fourth, and Season 5 will start on the similar time and can proceed till March 2026.
Right now’s reward drop will distribute 3.5% of the entire ENA provide, of which 1.5% is instantly claimable, an extra 1% will likely be granted to the highest 2000 wallets and instantly out there to small customers, and the remaining 1% will likely be distributed when Ethena’s HIP-3 occasion, Hyena Commerce, goes stay.
ENA didn’t initially react to the information, however as we speak it rose together with the remainder of the altcoin market, rising virtually 9% up to now 24 hours. Regardless of the surge, ENA has some solution to go to get better from its 10/10 drop. The token is presently buying and selling at $0.34, down 38% since October tenth.
ENA Chart – CoinGecko
Fueled partly by ENA’s value actions, Etena’s complete worth locked (TVL) is down 41% from its all-time excessive of $15 billion. Nonetheless, it’s nonetheless the sixth largest protocol in decentralized finance (DeFi) by TVL, solely behind Aave, Lido, EigenLayer, Binance Staked ETH, and Spark.
