Ethena Airdrop Staking Season V: How to Maximize Rewards

Ethena Labs has officially launched Staking Season V of its incentive program, continuing the distribution of rewards for USDe and sENA ecosystem participants.

The current phase introduces expanded cross-chain functionality and high-multiplier point systems designed to incentivize long-term liquidity provision across major blockchain networks.

Key Takeaways

• Season V of the Ethena rewards program is scheduled to run through March 24, 2026, focusing on authentic ecosystem engagement.

• Participants can earn up to 40x multipliers by locking sENA and providing USDe liquidity in designated pools.

• New Ethena Exchange Points are available for users trading with USDe collateral on supported decentralized platforms.

Trade with confidence. Bitrue is a secure and trusted crypto trading platform for buying, selling, and trading Bitcoin and altcoins. Register Now to Claim Your Prize!

Ethena Airdrop Season V

The primary method for accumulating points in Season V involves holding and staking the protocol's synthetic dollar, USDe.

Users convert standard stablecoins like USDT or USDC into USDe to begin earning baseline rewards through the Ethena dashboard.

Staking USDe for sUSDe allows participants to capture protocol yield while simultaneously accruing points toward the eventual token distribution.

Providing liquidity to USDe pools on decentralized exchanges remains a core requirement for those seeking to maximize their daily point generation.

Read more: How to Participate in the Arcadia Airdrop: Steps by Step

High-Multiplier Rewards via sENA Locking

Ethena has introduced aggressive reward multipliers for users who choose to lock their ENA tokens within the ecosystem.

By converting ENA to sENA and opting for a lock-up period, traders can unlock multipliers reaching as high as 40x their standard earning rate.

This mechanism is designed to reduce circulating supply while rewarding the most committed members of the Ethena community.

Recent updates also allow for sENA delegation on the Solana network, bridging rewards across multiple high-performance blockchain environments.

Cross-Chain Expansion and Exchange Points

Season V distinguishes itself by integrating deep cross-chain functionality involving both the Ethereum and Solana ecosystems.

A significant portion of the weekly reward pool, approximately 100 million points, is now dedicated to users of the Ethereal and HyENA exchanges.

Traders using USDe as collateral for perpetual contracts are eligible for these additional points, diversifying the ways users can qualify for the airdrop.

The protocol has also expanded into the Avalanche network, where USDe and sUSDe holders can earn concurrent rewards from both Ethena and the AVAX ecosystem.

Conclusion

Ethena Staking Season V represents a sophisticated evolution of the protocol's incentive structure by rewarding diverse forms of utility.

The inclusion of high-multiplier locks and cross-chain delegation provides a clear path for both retail and institutional participants to build significant point balances.

As the program nears its conclusion in early 2026, consistent interaction with USDe-based products will likely be the primary qualifier for token claims.

Investors should focus on balancing liquidity provision with long-term staking to optimize their position within the final reward rankings.

FAQ

When does Ethena Season V end?

The current season is expected to conclude around March 24, 2026, though dates are subject to protocol governance updates.

How do I get the 40x point multiplier?

Users can achieve the maximum multiplier by purchasing ENA tokens, staking them for sENA, and committing to a lock-up period.

Can I participate on networks other than Ethereum?

Yes, Ethena now supports activities on Solana and Avalanche, allowing for cross-chain points through delegated staking and liquidity pools.

What are Ethena Exchange Points?

These are specific rewards given to users who trade perpetual contracts using USDe as margin on partnered decentralized exchanges.

Where can I track my Ethena Season V points?

Participants can monitor their real-time point accrual and multiplier status by connecting their wallet to the official Ethena dashboard.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.