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Ethena Labs releases Shard Campaign update: an average daily reduction of approximately 12% of shards

Ethena Labs releases Shard Campaign update: an average daily reduction of approximately 12% of shards

Cointime2024/03/12 08:17
By: Cointime

Ethena Labs released an update regarding the Shard Campaign: Starting from March 11th, the Shard reduction will take effect and bring about the following changes: -The CurveLP position Shard multiplier will decrease from 20x to 15x; -The Shard multiplier for holding USDe outside of qualifying pools will decrease from 5x to 2x; -Other pools are not affected. This is equivalent to a daily reduction of approximately 1 billion Shards, or about 12% of Shards per day.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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