Project Overview
Guide
To be eligible for the Ethena Season 3 airdrop campaign, users must follow these criteria:
Wallet Setup: Ensure you have a wallet compatible with the Ethereum blockchain, such as MetaMask, Trust Wallet, or Ledger, and that it contains enough ETH to cover gas fees.
Participation Methods: Accumulate points by:
Holding USDe: USDe held in applications like Morpho, Aave, Pendle, or Curve LP receives a 20x reward.
Staking sUSDe: sUSDe held in similar applications receives a 5x reward.
Liquidity Provision: Participate in lending or LP activities through platforms like Pendle. Purchase YT USDe or PT USDe on Pendle to maximize Sats earnings. Note that YT USDe will have zero value at maturity but farms Sats quickly.
sENA Mechanism: Use the sENA token, which offers a maximum 40x reward and allows liquidity retention.
Bonus for Previous Participants: Users who participated in the first or second season receive a 10% bonus on their points for Season 3.
USDe Balance: Maintain your USDe balance above the snapshot level taken on September 1, 2024, to avoid points reduction.
Claiming Tokens: Users have 30 days to claim unclaimed ENA tokens after the allocation is made.
Latest X Summary
Ethena: Major Point-Earning Opportunities Explode with Binance, Avalanche & Pendle Expansions!
Ethena is heating up, and airdrop hunters, you won't want to miss these crucial updates! The synthetic dollar protocol has rolled out significant expansions over the past few weeks, creating fresh avenues to rack up Ethena Points and position yourselves for potential future rewards. From boosted Pendle capacity to new chain integrations with explicit point incentives, these developments are a goldmine of opportunity.
Key Point-Earning Opportunities & Ecosystem Growth:
- Pendle Finance Capacity Boost! Ethena has quadrupled the deposit caps for sUSDe and USDe November Principal Tokens (PTs) on Pendle. This means a massive $1.7 billion in fresh capacity for those lucrative Ethena x Aave x Pendle loops. If you're leveraging Pendle for amplified point farming, now's your chance to expand your positions and potentially boost your Ethena Points!
- Avalanche Integration with Ethena Points! USDe and sUSDe are now officially live on Avalanche, and this is big news for point hunters. Ethena explicitly stated that eligible DeFi interactions on Avalanche will qualify for AVAX rewards AND Ethena Points! This opens up a whole new ecosystem for active participation and point accumulation. Bridge your assets directly via the Stargate Finance interface today.
- Binance Partnership - A Game Changer for Points? Ethena has forged a monumental partnership with Binance, aiming to integrate USDe across its vast platform of over 280 million users. Crucially, this includes USDe reward-bearing collateral for futures and perpetuals trading on Binance. While specific point mechanics haven't been fully detailed, utilizing USDe in this capacity could very well become a significant source of Ethena Points. Keep a close eye on this development!
- sUSDe Staking Made Easy with LayerZero: Staking sUSDe for points is now more accessible than ever! With LayerZero Core's OVault, you can one-click stake USDe to sUSDe from any of 18 supported chains, including Optimism, Base, Arbitrum, and Mantle. Deposit USDe from anywhere, receive sUSDe everywhere – making point farming simpler across the ecosystem.
Other Notable Developments:
- MegaUSD (USDm) Unveiled: Ethena introduced MegaUSD (USDm), a new stablecoin built with MegaETH Labs on Ethena's Stablecoin-as-a-Service stack. USDm will be backed by USDtb, holding reserves primarily in Blackrock BUIDL. While not directly airdrop-related yet, engaging with new stablecoins in the Ethena ecosystem could become relevant for future point seasons.
- $ENA Listed on OKX: The $ENA token is now available for trading on @okx.
Key Events for Airdrop Hunters:
| Date (Approx.) | Event | Airdrop Relevance | Tweet Link |
|---|---|---|---|
| Sept 18, 2025 | Pendle PT Capacity Increase | $1.7 Billion fresh capacity for sUSDe/USDe Pendle loops, expanding point farming potential. | Link |
| Sept 12, 2025 | Avalanche Mainnet Launch | Eligible DeFi interactions on Avax earn Ethena Points & AVAX rewards. | Link |
| Sept 10, 2025 | LayerZero OVault for sUSDe Staking | Easier sUSDe staking from 18 chains, simplifying access to sUSDe-related point activities. | Link |
| Sept 09, 2025 | Binance Partnership Announced | Potential new source of Ethena Points via USDe reward-bearing collateral on Binance. | Link |
Don't miss out on these expanding opportunities to earn Ethena Points! Stay engaged, explore the new integrations, and keep an eye on Ethena's official channels for further announcements regarding specific point-earning mechanics.
