Ethena Unlocks $40.6M in ENA Tokens in Weekly Unlock

MarsBit

Release Time: 2026/10/04 15:13:10

Summary

Ethena Labs announced a project update this week, unlocking approximately 170 million ENA tokens, valued at $40.58 million. The unlock follows a predetermined release schedule. The project’s algorithmic stablecoin, USDe, is backed by BTC and stETH, using these assets and their associated yields to maintain its peg and generate returns.

Ethena

Project Twitter: https://x.com/ethena_labs

Project website: https://www.ethena.fi/

Amount unlocked this time: 170 million tokens

Amount unlocked this time: approximately $40.58 million

Ethena Labs' algorithmic stablecoin, USDe, currently relies on collateral such as BTC and stETH, along with their inherent yields, while simultaneously establishing short positions in Bitcoin and ETH to hedge Delta and leverage perpetual/futures funding rates to maintain peg and generate yield. It uses spot yield to offset losses from a one-times short position, achieving balance while still capturing ETH staking rewards and short funding rates.

The specific release curve is as follows:

Optimism

Project Twitter: https://twitter.com/Optimism

Project website: https://app.optimism.io/governance

Amount unlocked this time: 4.45 million tokens

Amount unlocked this time: approximately $590,000

Optimism is a Layer 2 scaling solution that achieves Ethereum network scalability by adopting the Optimistic Rollup approach, enabling high-volume transaction processing while maintaining Ethereum’s security, allowing Ethereum developers to efficiently use all existing Ethereum tools without any modifications.

The specific release curve is as follows:

Source:Show original

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