Bitget Wallet Inks Partnership with Ethena, Distributing BWB Points to Users

Bitget Wallet, a leading Web3 wallet, has collaborated with Ethena, an Ethereum-based synthetic dollar protocol. This partnership grants users who have deposited at least 100 USDT on Ethena in the past three months BWB points via airdrop, convertible into BWB tokens post-campaign. Ethena users can now leverage Bitget Wallet's browser extension and mobile application, simplifying token transactions, USDe exchange, staking, and Pendle campaign participation.

Bitget Wallet Collaborates with Ethena, Airdrops BWB Points to Users

Victoria, Seychelles - April 19th, 2024

Bitget Wallet, a leading Web3 wallet in Asia, has partnered with Ethena, an Ethereum-based synthetic dollar protocol. This collaboration provides users with access to Ethena's innovative synthetic dollar stablecoin, USDe, and rewards them with BWB points, which can be converted into BWB tokens upon the conclusion of the airdrop campaign.

Enhanced User Experience with Bitget Wallet and Ethena

Through this partnership, users can now seamlessly engage with Ethena via Bitget Wallet's browser extension and mobile application. This streamlined experience simplifies token management, enables USDe exchanges, facilitates staking, and allows participation in the Pendle campaign. Additionally, ENA tokens can be deposited into Pendle to earn points or secure advantageous fixed rates. Ethena is now easily accessible through Bitget Wallet's DApp browser on mobile, further enhancing user interaction.

BWB Ecosystem Partner Program

Coinciding with this collaboration, Bitget Wallet has launched the BWB Ecosystem Partner Program. This initiative aims to foster collaboration within the decentralized finance (DeFi) space, promote project growth, and unite over 70 blockchains and projects, including Ethena. Active users are rewarded with BWB Points, which can be converted into BWB tokens. The BWB Token Generation Event (TGE) and Initial Exchange Offering (IEO) are scheduled for the upcoming second quarter.

BWB Points Airdrop for Ethena Users

This month, Bitget Wallet kicked off a BWB Points airdrop campaign specifically targeted at Ethena users. Participants who have conducted transactions worth at least 100 USDT over the past three months are eligible for BWB Points. These points can be redeemed for BWB tokens in the future, the primary token of Bitget Wallet's ecosystem. The airdrop, which runs until April 28th, is open to both new and existing Bitget Wallet users, as well as active users of other prominent Web3 wallets. Additionally, there are specific wallet tasks that users can complete to earn more points.

Ethena's Robust Performance

The partnership between Bitget Wallet and Ethena comes at a time when Ethena has been experiencing significant success. Its USDe stablecoin emerged as the top-performing decentralized application for earnings shortly after its release in mid-March, offering an impressive 67% annual percentage yield (APY). At present, the APY on USDe stablecoins stands at 24%.

About USDe: A Revolutionary Stablecoin

Ethena's USDe is a ground-breaking stablecoin solution that is not only censorship-resistant and scalable but also crypto-native. It is fully backed and transparently recorded on-chain, which enables seamless integration across the DeFi ecosystem. The stability of the USDe peg is maintained through delta hedging, a mechanism that offsets derivatives positions against the protocol-held collateral.

About Bitget Wallet: An Industry-Leading Web3 Platform

Bitget Wallet has established itself as a dominant player in Asia and a leading global Web3 wallet, boasting over 20 million users worldwide. It provides a comprehensive suite of features, including asset management, insightful market data, swap trading, launchpad functionality, inscribing capabilities, and DApp browsing. Currently, Bitget Wallet supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. It also enhances liquidity by aggregating it across hundreds of leading decentralized exchanges (DEXs) and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.

Contact Information

For further inquiries, please reach out to the Bitget Wallet PR team at [email protected]