IvanLabrie

Ethena: Airdrop farming opportunity and monster base

Long
IvanLabrie Updated   
BINANCE:ENAUSDT   ENA / TetherUS
The trend signal here suggests ENA will kick start a mid term rally, there's a good chance the current airdrop Season will end by mid July when USDe market cap reaches 5 billion, which gives this sufficient time to complete the possible 96% to 358% rally the chart pattern suggests is possible.

There are two ways to play this:

  • Buy spot ENA and USDe at Ethena's site and lock it with them in the liquidity tab to get points bonuses. Need same dollar exposure in each.

  • Use Pendle to farm with bonus multipliers and extra LP yield (see the APY figures in the chart image). Connect to pendle.fi, and buy into LP positions in ENA and sUSDe with equal dollar notional in each vault.

The latter is what I would suggest.

Give it a shot, it will pay off big time, the airdrop will be something like 15% to 20% of supply of ENA, there's time to get some nice returns from it on top of LP yield while the ENA portion of the trade appreciates, and the sUSDe gives you staking rewards.

Best of luck!
Cheers,

Ivan Labrie.

Comment:
Strong move into the close, this signal has legs.


🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.