Ongoing Airdrop

Ethena – Season 5 Airdrop Campign

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Updated September 11, 2026by CoinCoverage Editorial Team

Ethena Season 5 (Season V) is a live rewards campaign from Ethena, the Ethereum-native synthetic dollar protocol behind USDe. Unlike a fixed-token drop, Season…

Token: ENA
Est. value: TBA
Deadline: TBA
Chains: Ethereum

About the Ethena Airdrop

Ethena Season 5 (Season V) is a live rewards campaign from Ethena, the Ethereum-native synthetic dollar protocol behind USDe. Unlike a fixed-token drop, Season 5 distributes points that track user participation across the ecosystem.

As of now, 23.46 trillion Season 5 points have been issued across more than 924,000 users. These points are accumulated through active engagement such as minting or holding USDe, staking into sUSDe to earn yield, and staking ENA into sENA.

The final ENA token allocation for Season 5 has not yet been disclosed. Points determine your proportional share if and when ENA rewards are distributed.

Season 5 continues Ethena’s model of combining stablecoin yield with protocol incentive rewards.

How to Participate (Step-by-Step)

Connect your EVM wallet on the Ethena app.

Acquire USDe and/or ENA through supported routes.

Stake USDe → receive sUSDe to earn yield.

Stake and lock ENA → mint sENA for governance alignment and additional reward weight.

Deploy USDe or sUSDe across supported integrations.

Monitor your Season 5 points and dashboard activity.

Maintain consistent participation — points accumulate over time.

Important Clarification (Add this as a note if possible)

Season 5 rewards are currently points-based. ENA token distribution amount has not been officially announced.

If you want, I can also prepare:

A clean Telegram post for Season 5

A “Hot Stablecoin Yield + Airdrop” promo version

Or a side-by-side comparison (Season 4 vs Season 5)

Tell me which direction you want.

Eligibility Requirements

Eligibility checklist3 requirements
Telegram account
Required token balance held at snapshot
Active stake for the campaign period

How to Claim ENA — Step by Step

Follow the official Ethena channels
No direct entry link is published yet. Follow the project's official X and Telegram so you catch the announcement first.
Submit your Ethereum wallet address
You need a Ethereum-compatible wallet. Use a fresh address, double-check the network, and never share your seed phrase.
Stake the required assets
Keep the stake active for the full campaign period — early unstaking usually disqualifies you.
Earn points before the conversion
Points accrue for each completed action and convert to tokens at TGE. Track your rank — late joiners earn at worse rates.
Hold the required balance at snapshot
Keep the required tokens in your wallet when the snapshot is taken. Moving funds across the snapshot block disqualifies that wallet.
Submit and track before the deadline
Confirm your entry is recorded and re-check this page — we re-verify status and deadlines regularly.

Token Contracts

Ethereum: 0x57e114b691db790c35207b2e685d4a43181e6061

Ethena Airdrop — FAQ

How do I join the Ethena (ENA) airdrop?

To join, follow the project's official channels — no entry link is published yet, then: submit your Ethereum wallet address; stake the required assets; earn points before the conversion. No deadline is published yet.