$ENA Token Utility :Recently ,Ethena released a crucial event for the platform's future decntralization -the launch of it's native token $ENA token. The primary role of the native Ethena token is granting access to governance votings regarding the protocol , including risk management frameworks, DEX integration SDe backing exposure, and more.
It has already confirmed the first phase of the Ethena airdrop , allocating 750M $ENA or 5%of the total supply for the first phase. $BNB Finance and pros and cons that you should consider before investing in the $ENA token or participating in $ENA airdrop.
Ethena pros:$ETH
. Outstanding concept and design
. Highly-demanding product
. Competent vesting schedule
.Support from Tier 1 funds
. Wide network📡 of Tier 1 partners👭
. Strong PR and growth marketing performance
. Powerful influencer marketing performance
. Multiple Security Audits and Bug Bounty from top -tier companies.
. Relatively low initial Market Cap/Fully Diluted Valuation( FDV) ratio (9.5%) .
. Experienced C-level team
Ethena Cons:$ICP
. Due to its complexity, the protocol has significant risks related to its delta hedging technique.
. Weak marketing infrastructure.
. Reputational burden caused by Terra/Luna rekt.
