As of today, sENA is live as the liquid receipt token for locked ENA, allowing users to maintain liquidity with their staked ENA position. sENA will now earn the largest daily multiplier for rewards at 40x in Season 3 and will be composable with the rest of DeFi, including Pendle, money markets, staking platforms, and any other third-party applications that choose to integrate it.
Users can migrate to sENA at https://app.ethena.fi/earn. If you hold locked ENA you will be required to move into sENA to earn rewards in season 3. Users season 2 distributions will be unaffected.