The protocol is set to airdrop 750 million ENA tokens, or 5% of the total supply. The campaign to earn 'shards,' which qualify users for the token airdrop, will end on April 1.
The protocol's USDe token mushroomed recently, growing to over $1.3 billion from $85 million at the start of the year, per DefiLlama data, propelled by its lofty yield due to frothy crypto markets and in anticipation of the airdrop.
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