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: Apr 2, 2024, 8AM UTC – Apr 9, 2024, 8AM UTC

During this period, stake ENA or USDT to obtain a share of 15,000,000 ENA for free!

[Stake to Earn!]<https://www.bybit.com/en/trade/spot/launchpool>

On the Bybit Launchpool, you can stake ENA or USDT to earn ENA tokens.

Your Daily Yield = [(The Amount of ENA or USDT) / (Total Number of ENA or USDT Staked by All Participants)] × (Daily ENA Prize Pool)

Your yield for the day will be calculated from the next day (T+1) after you’ve staked ENA or USDT. The calculated yield will be automatically deposited to your Funding Account daily starting one day after the calculation period (T+2). Your yield will be refreshed daily at 12AM (midnight) UTC.

Staked assets can be unstaked anytime. No yield will be generated on the day you withdraw your staked tokens. 

[Stake Now]<https://www.bybit.com/en/trade/spot/launchpool>

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.

 | [Whitepaper](https://ethena-labs.gitbook.io/ethena-labs/)

To celebrate the upcoming listing of Ethena protocol (ENA) on our Spot trading platform, we've prepared a special event with a total prize pool of 300,000 ENA for you.

Deposits and withdrawals will be available via the Ethereum network.

Event Period: Apr 1, 2024, 8AM UTC – Apr 16, 2024, 8:59AM UTC

[Register Now]<https://www.bybit.com/en/trade/spot/token-splash>

Here's how it works: Complete two (2) simple steps during the event period to earn 200 ENA.

Step 1: Sign up for a Bybit account and complete Identity Verification Lv. 1.

Step 2: Accumulate a deposit volume of 200 ENA in your Bybit account during the event period, OR deposit 100 USDT and buy any amount of ENA via your first trade using your Bybit account.

Rewards are limited to 1,000 participants on a first-come, first-served basis.

Already a Bybit user before Apr 1, 2024, 8AM UTC? Don't worry, we still have rewards for you!

- Accumulate a deposit volume of at least 200 ENA in your Bybit account during the event period; OR

- Deposit 200 USDT and purchase at least 200 USDT worth of ENA using your Bybit account.

Invite your friends to sign up for Bybit with your referral code and join the ENA Launchpool. You'll receive 1 ENA for every successful referral, up to 5 referrals.

- Users must complete Identity Verification Lv. 1 to stake tokens on Bybit Launchpool. Institutions and users from restricted countries/regions are not allowed to participate.

- Staked tokens can be unstaked anytime. No yield will be generated on the day users unstake their tokens.

- Yield will be updated daily at 12AM (midnight) UTC. Calculations for yield will start on the next day (T+1) after users stake their ENA or USDT, and will be automatically deposited daily to their Funding Account starting one day after the calculation period (T+2). 

- There may be delays in the depositing of yields earned. Users will only receive a yield if it’s greater than or equal to 0.01 USDT.

- Cash rewards, if any, will be automatically credited to eligible reward recipients' Spot Account one (1) month after the end of the Launchpool event. 

- All participating users must strictly abide by the Bybit Terms of Service.

Bybit Launchpool is excited to introduce ENA, the utility token of Ethena protocol.

Bybit Launchpool: Stake ENA or USDT to Earn a Share of 15,000,000 ENA!

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