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DeFi News

Ethena Labs’ Shard Campaign Heats Up with Epoch 2

Written By Gabriel Mael
Published 2024-02-27·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
Ethena Labs' Shard Campaign Heats Up with Epoch 2

With Ethena Labs’ Shard Campaign gaining momentum, Epoch 2 users are now offered new ways to interact and earn rewards. Epoch 2 provides expanded liquidity pools, even to major protocols like Maker and Aave.

Epoch 2 of the Shard Campaign live at 8am ET

Raised caps on LP for our friends a @MakerDAO and @aave

$100m new limits on USDe locks

…and @pendle_fi 🤌

Details in following tweet

— Ethena Labs (@ethena_labs) February 26, 2024

Individuals with Ethena tokens can now earn a daily reward equal to 20 shards per token. This incentive motivates users to participate in these pools. Also, the upper limit of USDe that can be locked to receive rewards has doubled to $200 million, enabling Ethena holders to benefit from holding their assets.

Extending utility, Ethena Lab partnered with Pendle Finance, providing a more positive user experience. Details on the integration are coming soon – USDe holders will be able to deposit into Pendle and earn shard rewards. This highlights Ethena’s vision of expanding the DeFi ecosystem and providing advanced platforms with multi-dimensional prospects.

New reward mechanisms, strategic partnerships, and innovation demonstrate Ethena Labs’ commitment to platform growth and user incentives. Epoch 2 marks a turning point for Ethena’s Shard Campaign, cementing it as one of the most competitive DeFi companies.

Also Read: Riot Platforms Outlines Profit Risks Amid Chip Crisis and Climate Regulations

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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