Weekly token unlock: ENA unlocks tokens worth approximately $17 million

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Ethena

Project

Official Website:

Number of tokens unlocked this time: 170 million

Amount unlocked this time: approximately $17.25 million

Ethena Labs’ algorithmic stablecoin USDe currently relies on collateral assets BTC, stETH, and their inherent yields, while also creating Bitcoin and ETH short positions to balance Delta and using perpetual/futures funding rates to maintain the peg and generate returns. That is, using spot gains to hedge against losses from a one-to-one short position, achieving balance, but also earning ETH staking rewards and short funding rates.

The specific release curve is as follows:

Hyperliquid

Project

Official Website:

Number of tokens unlocked this time: 420k

Amount unlocked this time: approximately $17.29 million

Hyperliquid is a high-performance blockchain built with the vision of creating a fully on-chain open financial system. Liquidity, user applications, and trading activities work together on a unified platform, aiming to accommodate all financial services.

The specific release curve is as follows:

ENA-2.81%
USDE-0.02%
BTC0.28%
STETH0.28%
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