Synthetic dollar project Ethena has opened up airdrop claims for its governance token (ENA), the project announced on X. This will be 5% of the total 15 billion supply, with 750 million tokens distributed to eligible users.

The project noted the token will be listed on several centralized exchanges starting at 4:00 a.m. EST.

The airdrop claim follows Ethena's participation in the shard campaign, a reward program for early participants that allows participation through a referral link.

Research and development firm Ethena Labs supports the USDe stablecoin, also referred to as an “Internet Bond” and a “synthetic dollar.”

In February, it raised $14 million in a strategic funding round at a $300 million valuation. The round was co-led by Dragonfly and BitMEX founder Arthur Hayes' family …