Ethena Labs has announced that its Season 3 ENA rewards will be distributed on May 1, 2025 at 16:00 UTC, representing 3.5% of the total ENA supply. In this round of rewards, the token lock-up requirement has been removed, and only one-third of the sENA rewards of the top 2,000 wallet addresses will be locked, which is less than one-half of the previous quarter. The rewards for the rest of the addresses will be released instantly. Based on current ENA prices, the total value of the Q3 airdrop is around $178.5 million, which is similar to the $202.5 million in Q2. Ethena said it will continue to issue at least 3.5% of supply in the fourth quarter for a period of six months. Users can view their points through the Ethena UI and claim the airdrop on the Liquifi platform.
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