Ethena
IEO Round on Bybit

To participate in the $ENA IEO on Bybit, users need to log in or sign up on Bybit, complete KYC verification, and acquire at least 100 USDT in their spot balance. Then, they need to visit the Bybit launchpool page, register for the Ethena token IEO, and stake either $USDT or $ENA.

The IEO itself will take place after the initial listing of $ENA on Bybit on April 2, 2024, at 08:00 (UTC) and will conclude on April 9 at 08:00 (UTC), allocating 15,000,000 $ENA as a reward for participants.

Unlike the Binance launchpool, on Bybit, the 15M $ENA pool will be equally distributed between both the USDT and ENA staking pools, rewarding stakers based on their share in the pool daily.

There are also minimum and maximum requirements for both ENA and USDT pools stakers:

ENA pool:

• Minimum Staking Amount: 100 ENA; 
• Maximum Staking Amount: 5,000 ENA.

USDT pool:

• Minimum Staking Amount: 100 USDT;
• Maximum Staking Amount: 2,000 USDT.

Read more about the Ethena IEO in Bybit’s official announcement. 

❗️PRO TIP: Before participating in the event, make sure you are aware of the risks related to the $ENA staking pool, as newly listed tokens might be more volatile and risky than others. If you consider it too risky, you can try to diversify risks by staking USDT tokens only or splitting your funds between two different pools.

Good Luck!