$ENA the native token of Ethena, plays a key role in the protocol’s synthetic dollar ecosystem, aiming to provide a decentralized, scalable, and censorship-resistant stablecoin solution. Ethena leverages Ethereum-based derivatives and staking strategies to maintain stability and yield for users. it is used for governance, allowing holders to vote on protocol upgrades and risk parameters, ensuring a community-driven approach. As adoption grows it also plays a role in incentivizing liquidity providers and participants in the Ethena ecosystem. Designed for transparency and composability, It supports the broader DeFi landscape by bridging traditional finance stability with crypto-native tools. #StableByDesign