ENA Airdrop Q3 is here, a review of Q2 earnings and an analysis of new rules

The ENA Airdrop event has entered its third season. Looking back at the second season, participants generally achieved good returns. For example, one user locked 26,000 ENA for a month and received over 2,550 in airdrops, with a monthly interest rate of about 10%. However, since the overall decline of the cryptocurrency market in May of this year, the price of ENA has also been affected, leading to a decrease in the value of participants' assets.

The overall return in the second quarter is quite impressive. Excluding the fluctuations in the price of ENA, the six-month return is approximately 30.5%, with an annualized rate of about 71%. For users participating with the stablecoin USDe, the returns are particularly stable.

The third quarter event has started and will continue for six months until March next year. Compared to the second quarter, the rules for this quarter have been adjusted:

1. The Lock ENA option has been removed and replaced with Stake ENA.
2. The points multiplier for staking ENA has been raised to 40 times.
3. New users can only choose to stake ENA to participate.
4. Existing users who need to switch from locked status to staked status currently have to wait for a 7-day cooling period. The official statement indicates that this cooling mechanism will be removed in the near future.

For Season 2 participants, the system will automatically include them in the Season 3 event without any additional action required. Furthermore, Season 2 participants will enjoy a 10% points bonus in Season 3.

After staking ENA, users will receive a staking certificate sENA that can be exchanged for ENA on a 1:1 basis. It is worth noting that the airdrop rewards for the second season will also be distributed in the form of sENA.

The airdrop rewards for the second season will be available for collection on September 30th. The specific collection method will be the same as the first season.

In addition to participating in the ENA Airdrop, users are also advised to pay attention to the daily interaction tasks of the CARV project. CARV is considered a potential project and has recently collaborated with a well-known trading platform to launch a joint airdrop event, showing good momentum for development.

Regardless of the chosen participation method, it is recommended that users make decisions based on their own risk tolerance and investment goals. Keeping a close eye on market dynamics and adjusting strategies in a timely manner can help seize opportunities in the changing cryptocurrency market.