Next week, 8 projects will undergo unlocking, and ENA will see a massive unlocking, with an unlocking volume of 67.5% of the circulating supply.
Ethena
Project Twitter: https://x.com/ethena_labs
Project website: https://www.ethena.fi/
Unlocking amount this time: 2.11 billion
Unlocking amount in USD: Approximately $849 million
The algorithmic stablecoin USDe launched by Ethena Labs is currently backed by collateral BTC, stETH, and its inherent revenue, while creating short positions in Bitcoin and ETH to balance the Delta and utilize the perpetual/futures funding rate to maintain the peg and provide yield. That is, using the revenue from the spot, to hedge the loss of the short position, to achieve balance, but can still reap the benefits of ETH staking and short position funding fees.
Next week, Ethena will have two Cliff unlocks, the main one being 1.125 billion ($ 450 million) for core contributors and 937.5 million ($ 375 million) for investors, plus 40.63 million ($ 16.35 million) for the foundation.
The specific release curve is as follows:
Berachain
Project Twitter: https://berachain.com/
Project website: https://x.com/berachain
Unlocking amount this time: 10.99 million
Unlocking amount in USD: Approximately $90.37 million
Berachain is a Layer 1 blockchain built on the Cosmos SDK and compatible with EVM, using the Proof of Liquidity (PoL) consensus mechanism for protection. The Berachain token economy introduces a three-token system on the Bera network, with the network Gas token BERA, the ecosystem stablecoin HONEY, and the non-transferable Bera governance token BGT.
BERA is facing its first Cliff unlock, totaling $100 million, worth about $81.8 million, with the remaining portion being a linear unlock.
The specific release curve is as follows:
