Chainwire – Victoria, Seychelles, April 19th, 2024
Bitget Wallet, one of the largest Web3 wallets in Asia with a global reputation, has joined forces with Ethena, an Ethereum-based synthetic dollar protocol. This partnership brings exciting opportunities for users, with those who have deposited at least 100 USDT over the past three months on Ethena receiving a BWB points airdrop. In the future, these points can be converted into BWB tokens after the airdrop campaign concludes. Ethena has also announced a 20% reward boost for users who lock their USDe stablecoin on Bitget Wallet for at least 7 days.
This collaboration allows users to easily access Ethena through Bitget Wallet’s browser extension and mobile app. This integration simplifies token transactions, USDe exchange, staking, and participation in the Pendle campaign. Users can also deposit ENA tokens into Pendle to earn points or secure fixed rates. Ethena is now available through Bitget Wallet’s DApp browser on mobile, making user interaction even more streamlined.
Bitget Wallet recently launched the BWB Ecosystem Partner Program, which brings together over 70 blockchains and projects, including Ethena. This program rewards active users with BWB Points and will soon launch its Token Generation Event (TGE) and Initial Exchange Offering (IEO) in the second quarter.
In conjunction with this partnership, Bitget Wallet is currently running a BWB Points airdrop campaign for Ethena users who have transacted at least 100 USDT in the past three months. The airdrop, open until April 28th, is available to both new and existing Bitget Wallet users, as well as active users of other leading Web3 wallets. Users can also complete specific wallet tasks to boost their point accumulation.
Ethena has seen impressive performance in the past month, with its USDe stablecoin becoming the top-performing decentralized application in terms of earnings shortly after its release in mid-March. It currently offers a 24% annual percentage yield (APY) on its stablecoins, with a 67% APY shortly after its release.
USDe is Ethena’s first censorship-resistant, scalable, and crypto-native money solution, fully backed and transparently recorded on-chain. It seamlessly integrates with the DeFi ecosystem and maintains stability through delta hedging, which offsets derivatives positions against the protocol’s held collateral.
About Bitget Wallet:
Bitget Wallet is Asia’s largest and a leading global Web3 wallet, with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. The wallet currently supports over 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet also enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, enabling seamless trading on nearly 50 blockchains.
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