A total of 8 projects will be unlocked next week, and ENA will usher in a huge amount of unlocking, with the unlocking amount accounting for 67.5% of the circulation amount.
Ethena
Project Twitter: https://x.com/ethena_labs
Project website: https://www.ethena.fi/
Number of tokens unlocked this time: 2.11 billion
Amount unlocked this time: Approximately US$849 million
The algorithmic stablecoin USDe launched by Ethena Labs currently relies on collateral BTC, stETH and its inherent income, while creating short positions in Bitcoin and ETH to balance Delta and using perpetual/futures funding rates to maintain anchoring and provide income. That is, using the income from spot to hedge the loss of one short order to achieve a balance, but you can harvest ETH pledge income and short order funding rates.
Next week, Ethena will conduct two Cliff unlocks, the most important of which are 1.125 billion tokens (US$450 million) for core contributors and 937.5 million tokens (US$375 million) for investors, in addition to 40.63 million tokens for the foundation, worth approximately US$16.35 million.
The specific release curve is as follows:
Berachain
Project Twitter: https://berachain.com/
Project website: https://x.com/berachain
Number of unlocked tokens this time: 10.99 million
Amount unlocked this time: Approximately 90.37 million US dollars
Berachain is a Layer 1 blockchain built on Cosmos SDK, compatible with EVM, and protected by the Proof of Liquidity (PoL) consensus mechanism. The Berachain token economy introduces the Bera network with a three-token system, which has the network gas token BERA, the ecological stablecoin HONEY, and the non-transferable Bera governance token BGT.
BERA ushered in its first cliff unlock, totaling 10 million US dollars, worth approximately 81.8 million US dollars, and the rest was linear unlocking.
The specific release curve is as follows:
