Bitget Wallet and Ethena Forge Collaboration Unveils Enhanced DeFi Experience

Bitget Wallet, a leading Web3 wallet, has partnered with Ethena, an Ethereum-based platform for synthetic dollars. This partnership brings Ethena to mobile devices and browser extensions, enabling users to manage tokens, stake, participate in Pendle, and trade USDe. Users who have deposited over 100 USDT on Ethena in the past three months are eligible for an airdrop of BWB points, convertible to BWB tokens after the campaign. The collaboration also includes a new incentive, offering a 20% rewards boost for holding USDe stablecoins in Bitget Wallet for at least seven days.

Bitget Wallet and Ethena Forge Partnership, Empowering Web3 Users with Enhanced DeFi Experience

Bitget Wallet, a prominent Web3 wallet renowned for its global reach and innovative offerings, has established a strategic alliance with Ethena, a leading Ethereum-based platform specializing in synthetic dollars. This partnership marks a significant milestone in the Web3 landscape, offering users a plethora of benefits and expanding the accessibility of DeFi solutions.

A Comprehensive Partnership Unlocking New Opportunities

Through this collaboration, Ethena's USDe stablecoin becomes seamlessly accessible on mobile devices and through browser extensions via the Bitget Wallet. This integration empowers users with unparalleled convenience in managing token transactions, staking, and participating in the Pendle campaign. Moreover, the integration facilitates the seamless deposit of ENA tokens into Pendle, enabling users to accumulate points and secure favorable rates.

The alliance further enhances the user experience through significant improvements in the mobile DApp browser of Bitget Wallet, streamlining the overall navigation and functionality. These enhancements underscore Bitget's commitment to providing a user-centric platform that empowers individuals to engage with the Web3 ecosystem effortlessly.

Introducing the BWB Ecosystem Partner Program: Fostering DeFi Growth

In conjunction with the Ethena partnership, Bitget Wallet has launched the BWB Ecosystem Partner Program. This program is meticulously designed to promote active participation in the DeFi sector and nurture the growth of collaborative projects. The program connects over 70 blockchains and projects, including Ethena, and offers BWB Points as incentives to users who fulfill specific criteria.

The BWB token will initiate its Token Generation Event (TGE) and Initial Exchange Offering (IEO) in the upcoming second quarter of 2023. Upon the completion of the TGE, BWB point holders will be able to convert their points into the BWB token and commence receiving a dividend in the rewards accrued from Bitget Wallet's continuous growth and expansion within the Web3 ecosystem. New users who download the Bitget Wallet app will automatically receive 50 BWB points, which can be converted into the token post-TGE.

BWB Points Airdrop: Rewarding Ethena Users

In recognition of Ethena's exceptional performance in the previous month, Bitget Wallet has initiated a BWB Points airdrop campaign. Targeting Ethena users who have conducted transactions exceeding 100 USDT within the past three months, this campaign grants qualified participants BWB Points that can be converted into BWB tokens in the future. The airdrop, which will conclude on April 28th, is accessible to both new and existing Bitget Wallet users, as well as active users of other reputable Web3 wallets. To maximize point accumulation, specific wallet tasks have been outlined.

Ethena: A Pioneer in Decentralized Finance

Ethena's USDe stablecoin has emerged as a trailblazing solution in the world of decentralized finance. Its unique characteristics, including censorship resistance, scalability, and crypto-native functionality, have positioned it as a formidable force within the DeFi ecosystem. USDe's full backing and transparent on-chain recording ensure seamless integration across various DeFi platforms.

The stability of the USDe peg is meticulously maintained through delta hedging, a sophisticated strategy that offsets derivatives positions against collateral held by the protocol. This robust mechanism ensures the unwavering stability of the USDe peg, fostering confidence among users and reinforcing its position as a reliable and highly functional stablecoin.

Conclusion: A Symbiotic Alliance Transforming Web3

The alliance between Bitget Wallet and Ethena represents a watershed moment in the Web3 landscape. With the integration of Ethena's USDe stablecoin into the Bitget Wallet ecosystem, users gain access to a wider range of DeFi services and opportunities. This partnership strengthens the position of both companies within the rapidly evolving DeFi market, and paves the way for continued innovation and user empowerment. As the Web3 ecosystem matures, such strategic alliances will undoubtedly play a pivotal role in shaping its future and driving its widespread adoption.