Artificial greenback protocol Ethena in the present day launched Season 4 rewards, and contributors 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 identical time and can proceed till March 2026.
At this time's reward drop will distribute 3.5% of the entire ENA provide, of which 1.5% is straight away claimable, an extra 1% will likely be granted to the highest 2000 wallets and instantly accessible to small customers, and the remaining 1% will likely be distributed when Ethena's HIP-3 occasion, Hyena Commerce, goes stay.
Though ENA didn’t initially react to the information, it rose in the present day together with the remainder of the altcoin market, rising virtually 9% previously 24 hours. Regardless of the surge, ENA has some method to go to get well from its 10/10 drop. The token is at the moment buying and selling at $0.34, down 38% since October tenth.
ENA Chart – CoinGecko
Fueled partially by ENA's worth actions, Etena's whole worth locked (TVL) is down 41% from its all-time excessive of $15 billion. Nevertheless, it’s nonetheless the sixth largest protocol in decentralized finance (DeFi) by TVL, solely behind Aave, Lido, EigenLayer, Binance Staked ETH, and Spark.
