Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
Trade $MORE to unlock Listing Airdrops + $300K Points Prize Pool!
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For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
ENA Coin is on the rise as Ethena Labs increases staking rewards
Ethena Labs is a decentralized finance (DeFi) protocol behind the yield-earning USDe stablecoin. In a recent development, it announced "Season 2", which includes a 50% increase in rewards for a portion of users. As of April 8, users will be able to lock ENA for at least seven days. Users who lock 50% or more of their ENA, compared to their USDe balance, will receive a 50% reward boost. Following this, its native token, ENA Coin, rallied 15% from its lows. The token is currently trading at $1.26 after debuting at $0.64 last week
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