Synthetic greenback protocol Ethena launched its Season 4 rewards right this moment, with ENA tokens claimable by contributors who had been ready since September for their earnings.
Season 4 concluded on Sept. 24, which additionally kicked off Season 5, anticipated to drag till March 2026.
Nowadays’s rewards fall distributes 3.5% of the total ENA supply, with 1.5% in the present day claimable, an further 1% vested for the fracture 2000 wallets and in the present day available for smaller customers, and the final 1% to be disbursed when Hyena Change, Ethena’s HIP-3 instance, goes are residing.
ENA, which to delivery with build didn’t react to the ideas, rallied alongside the leisure of the altcoin market right this moment and is up virtually 9% within the final 24 hours. No topic the surge, ENA has some ways to transfer sooner than it recovers from its 10/10 selloff. The token is within the within the meantime altering fingers at $0.34, down 38% since Oct 10.
In part fueled by ENA trace recede, Ethena’s total price locked (TVL) is down 41% from its all-time high of $15 billion. Then again, it stays the sixth-very most attention-grabbing protocol in decentralized finance (DeFi) by TVL, handiest trailing Aave, Lido, EigenLayer, Binance Staked ETH, and Spark.
