Ethena
ENAWhat is Ethena (ENA): complete guide for Beginners and Investors
Ethena is a synthetic dollar and yield-bearing stablecoin protocol built on Ethereum, aiming to offer a decentralized alternative to traditional banking.
Rate
At this moment, the price of Ethena is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Ethena has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.
History
Launched in April 2024 by Guy Young, ENA powers the Ethena Labs ecosystem, which includes USDe, a delta-neutral synthetic dollar.
Technology
ENA operates using delta hedging and staking strategies with integrations across major DeFi platforms and centralized exchanges.
Use cases
ENA is used for governance, staking rewards, and incentive alignment within the Ethena ecosystem.
Forecast
ENA adoption is tied to the success of USDe and demand for decentralized stablecoin alternatives.
Ethena details
| Ticker: | ENA |
|---|---|
| Website: | https://ethena.fi/ |
| Algorithm: | Proof-of-Stake |
| Max Supply: | 15,000,000,000 |
| Type: | Governance Token |
| Founder: | Guy Young |
| Launch: | April 2024 |