The Ethena team announced a 50% increase in staking rewards, Users who have blocked at least $5 thousand in staking in ENA can qualify for an increase in rewards. Meanwhile, BlockDAG presale success has solidified its position in the cryptocurrency market, showcasing investor trust in its innovative blockchain solutions.
Ethena Labs increases user rewards
According to the project team, the minimum ENA staking period is now seven days. The initial blocking limit is set at $200 million. They plan to increase it over time. Users who have locked up more than 50% of the Ethena token supply relative to the synthetic stablecoin USDe will be able to qualify for a 50% increase in staking rewards. It is paid in Sats points, which are converted into coins during the upcoming airdrop.
In order to receive a reward, the user must deposit ENA in the amount of at least $5 thousand. It will be possible to track all bonuses in the wallet, but after updating its interface, which the developers will roll out today, April 9.
The initiative’s main goal is to encourage user participation and strengthen the protocol’s ecosystem, Ethena said in an announcement.
What’s happening to the ENA price?
According to tradingview, the price of ENA has increased by more than 14% over the past 24 hours. About four hours ago, the coin updated its ATH, reaching $1.40. At the time of writing, the indicator has rolled back slightly and is now $1.24.
Trading volume over the past 24 hours, meanwhile, jumped by 89.8% to $1.5 billion. The capitalization of the asset rose to $1.8 billion. Previously, the Ethena team added Bitcoin (BTC) as collateral for its synthetic stablecoin USDe, launched in February of this year. Thus, the developers want to increase the issue of the “stable” coin, which has stopped at $2 billion. USDe is very popular because it offers a fairly high annual return. However, one of the most influential thought leaders in the field of decentralized finance (DeFi), Andre Cronje, believes that the stablecoin could face a collapse similar to the TerraUSD scenario.
BlockDAG Presale Exceeds $15 Million
In the fast-paced world of cryptocurrencies today, BlockDAG has stood out as a worthy competitor among renowned projects like Ethereum (ETH) and NEAR Protocol. The project has received much applause for its innovative blockchain technology that is evident from the impressive presale result of $15 million, which is the full amount of initial offerings sold at competitive prices. The success of this funding round not only shows the investor’s confidence but also signifies how BlockDAG can create a whole new paradigm for the blockchain’s scalability and efficiency.
BlockDAG Innovative Approach to Blockchain
The market perspective as a BlockDAG feature is what makes it one of the most promising crypto presales for potential investors. The innovative approach of the project to the blockchain trilemma—having high-speed transactions while maintaining decentralization and security made it a promising investment avenue. Where the crypto-market is fast-changing and diversification is the key, BlockDAG has the potential to bring substantial returns, which may reach 20,000 times the original investment.
As the realm of blockchain technology is in constant evolution, BlockDAG is a signpost of progress and innovation. It represents the new path for investors to enter the decentralized ecosystems and digital assets of the future.
