Ethena: Starting from the end of this month, all USDe-related token incentives and inflation will cease.

BlockBeats news, September 26: Synthetic dollar protocol Ethena (ENA) officially announced that since its first airdrop in 2024, token incentives related to USDe growth have decreased by about 85%. By the end of this month, token incentives and inflation related to USDe will all cease, and no further distributions will be made. Thanks to all users who participated and helped the product grow to its current scale.

According to HTX market information, ENA led the altcoin market today, reaching $0.28.

On September 25, synthetic dollar protocol Ethena announced a partnership with Binance to expand USDe's basis strategy from crypto perpetuals to equity perpetuals. Buy spot tokenized stock certificates bStocks issued by a Binance affiliate, and hedge by shorting USDT-denominated equity perpetuals on the same platform. For more analysis, see "Behind ENA's surge, how big is the impact of Ethena connecting to US stock perpetuals?"