Step-by-Step Guide:
Step 1: Get USDe
- Visit the Ethena app page.
- Connect your Ethereum wallet.
- Accept the terms and continue to the dashboard.
- You will need any one of the stablecoins like USDT, USDC, DAI, FRAX, etc. You can get it from OKX with 20% discount and Binance with 20% discount.
- Now go back to Ethena and click on “Buy”, You will get some USDe.
Step 2: Deposit your USDe to earn Zircuit points and Sats of Ethena
- Visit the Zircuit staking page.
- Enter code “qh0awg” and connect your Ethereum wallet.
- Deposit your USDe, and you can earn Zircuit points and Sats of Ethena
Overview:
This project is already the fifth largest stablecoin by market value, and it is the second round of airdrops.
The first phase of Ethena’s airdrop activity started on February 20 and ended on April 1. According to community feedback, the annualized airdrop income of participating users is at least 300%, and as much as 600% to 800%.
Our members generally earn around $600 to $700 for every $1,000 they participate in for the first time.
Users who stake USDe in Zircuit can get 15 times Sats.
Because stablecoins have no impermanent loss. In addition, the endorsement mechanism of USDe is to go short and go long at the same time.
For example, if you go long and short $100 of ETH at the same time, no matter how ETH fluctuates, the backed funds will not change.
If you participate in the Ethena X Zircuit airdrop, you can avoid impermanent loss. After all, it is only USDe, which is relatively safe.