Claim your ENA rewards and power the future of Ethena.

Claim Your Rewards. Power the Future of Decentralized Money. The Ethena ecosystem has reached new milestones — USDe surpassing $14B in supply, strategic partnerships with Flowdesk and YZi Labs, and integrations across top DeFi protocols. To celebrate this momentum, we are giving back directly to the community that made it possible.

About Ethena

What is Ethena?
Ethena is a protocol that issues USDe, a synthetic dollar backed by delta-neutral holdings in Bitcoin, Ethereum, and other crypto assets.
How does staking work?
When you stake USDe, you receive sUSDe, which automatically compounds your staking rewards. You can unstake anytime, subject to a 7 day cooldown period.
How is revenue generated?
Ethena generates revenue through funding rates from perpetual futures positions as well as from reward payments on stablecoin holdings.
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