ENA is the governance token of the Ethena protocol, a synthetic dollar protocol built on Ethereum. It provides a crypto-native solution for money, independent of traditional banking systems. ENA holders can vote on important proposals and influence the direction of the platform.¹ ² ³
Key Features:
- Governance Token: ENA allows holders to participate in decision-making processes and shape the future of the protocol.
- Synthetic Dollar: Ethena's USDe is a stablecoin that maintains its value through delta-hedging strategies.
- Yield Generation: Users can earn yield by staking USDe or providing liquidity.⁴
Tokenomics:
- Total Supply: 15 billion ENA
- Circulating Supply: 7.96 billion ENA
- Market Cap: $1.33 billion
- Current Price: $0.17
ENA is listed on major exchanges like Binance, Bybit, and (link unavailable) You can buy, sell, and trade ENA using these platforms.⁵
Would you like to know more about Ethena's roadmap or upcoming milestones?