Ethena Launches Season 2 with Enhanced Rewards for Loyal Users
Ethena Labs has officially unveiled the rules for its Season 2 campaign, introducing significant changes to its reward structure.
- Sats Replace Shards: To align with the protocol’s shift to BTC-backed assets, "Shards" have been replaced by "Sats."
- 20% Bonus for Season 1 Participants: Users who maintain eligibility (e.g., avoiding rule violations like canceling activities) and add new USDe to the same wallet will receive a 20% increase in Sats.
- BTC Futures Integration: Ethena highlights BTC perpetual futures as a core component of its stability mechanism.
👉 Explore how Ethena’s innovations could benefit your portfolio
Coinbase Lists Arkham (ARKM) Amid Market Surge
Coinbase announced support for Arkham (ARKM) on the Ethereum network (ERC-20 token). Key details:
- Trading begins April 2, 12 PM ET, contingent on liquidity.
- ARKM-USD pairs will launch in phases.
- Price Impact: ARKM surged 10% post-announcement, reaching $2.59.
NFT and DeFi Updates
Ethena Adjusts NFT Airdrop for Fairness
After community feedback, Ethena revised its ENA airdrop to include Milady Maker NFTs, allocating 0.2% of total supply to holders of:
- SchizoPosters
- Redacted Remilio Babies
- Milady Maker series.
Sanctumso Hits $85M TVL on Solana
Sanctum’s liquidity solutions for staked SOL are gaining traction, with TVL surpassing $85 million. The protocol supports:
- Flash loans
- LST collateral management.
Market Movements and Institutional Activity
Bitcoin and Ethereum Volatility
- BTC dropped below $69,000 (-3.45%).
- ETH fell to $3,362 (-6.91%).
Grayscale and Coinbase Flows
- Grayscale GBTC: Net outflow of $302M (April 1).
- Coinbase: Sold 7040 COIN shares (~$1.77M).
Regulatory and Ecosystem News
Binance Appoints First Board
Binance’s inaugural board includes:
- Gabriel Abed (Chairman)
- 3 independent directors and 4 internal executives.
Switzerland’s Crypto Adoption
Lugano now allows daily transactions in crypto, including taxes, with 15%+ residents using its LVGA stablecoin.
FAQs
How does Ethena’s Season 2 reward system work?
Season 1 users gain 20% more Sats by maintaining eligibility and adding new USDe. Sats replace Shards to reflect BTC-backed assets.
Why did ARKM’s price rise?
Coinbase’s listing announcement drove a 10% surge due to increased accessibility and liquidity expectations.
What’s next for Bitcoin ETFs?
After Grayscale’s $302M outflow**, IBIT saw **$164M inflows, signaling mixed institutional sentiment.
Final Notes
Stay ahead with these critical updates, and leverage emerging opportunities in DeFi, NFTs, and institutional crypto adoption.
👉 For real-time market insights, click here
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