Artificial greenback protocol Ethena launched its Season 4 rewards right now, with ENA tokens claimable by members who’ve been ready since September for his or her earnings.
Season 4 concluded on Sept. 24, which additionally kicked off Season 5, anticipated to run till March 2026.
At this time’s rewards drop distributes 3.5% of the whole ENA provide, with 1.5% immediately claimable, an extra 1% vested for the highest 2000 wallets and immediately accessible for smaller customers, and the remaining 1% to be distributed when Hyena Commerce, Ethena’s HIP-3 occasion, goes dwell.
ENA, which initially didn’t react to the information, rallied alongside the remainder of the altcoin market right now and is up nearly 9% within the final 24 hours. Regardless of the surge, ENA has some methods to go earlier than it recovers from its 10/10 selloff. The token is presently altering arms at $0.34, down 38% since Oct 10.
ENA Chart – CoinGecko
Partially fueled by ENA value motion, Ethena’s complete worth locked (TVL) is down 41% from its all-time excessive of $15 billion. Nevertheless, it stays the sixth-largest protocol in decentralized finance (DeFi) by TVL, solely trailing Aave, Lido, EigenLayer, Binance Staked ETH, and Spark.
