Weekly Token Unlocks: ENA Unlocks Approximately $17 Million Worth of Tokens

Ethena

Project Twitter: https://x.com/ethena_labs

Project Website: https://www.ethena.fi/

Unlock Amount: 170 million tokens

Unlock Value: Approximately $17.25 million

The algorithmic stablecoin USDe, launched by Ethena Labs, relies on its collateral of BTC and stETH and their inherent yields. It simultaneously creates short positions for Bitcoin and ETH to balance delta and utilizes perpetual/futures funding rates to maintain its peg and generate yield. Essentially, it uses spot yields to offset losses from a one-to-one short position, achieving balance while capturing ETH staking yields and short position funding rates.

The specific unlock schedule is as follows:

Hyperliquid

Project Twitter: https://x.com/HyperliquidX

Project Website: https://hyperfoundation.org/

Unlock Amount: 420,000 tokens

Unlock Value: Approximately $17.29 million

Hyperliquid is a high-performance blockchain built with the vision of creating a fully on-chain open financial system. Liquidity, user applications, and trading activity synergize on a unified platform, designed to accommodate all financial operations.

The specific unlock schedule is as follows: