Not long ago, we talked about how Launchpool works on the Binance exchange and its advantages in terms of earning a secure income from owning BNB and FDUSD cryptocurrencies. Today, on April 2, 2024, another Launchpool on the Binance exchange has ended, where all participants were given the Ethena token (ticker ENA), which can soon be sold on the spot market, but there's another option. Specifically, you can transfer it to the Bybit exchange and invest the received ENA tokens in the Launchpool on Bybit, where you can earn even more ENA with a yield of 500% per annum for your invested ENA tokens.
The Ethena Launchpool on the Bybit exchange will run from April 2 to April 9, 2024, so during the distribution of tokens on Bybit, you can increase the amount of your ENA tokens by 9.5% in seven full days, as promised for 500% per annum.
Moreover, investments in the Launchpool on Bybit are as risk-free as they are on Binance. The only thing that might disappoint is a decrease in the token price during the token distribution on Bybit. Conversely, if the price increases, you can reap double the benefits.
How to proceed is entirely up to you, but in any case, it's a good risk-free opportunity to increase the amount of your Ethena tokens.
