Ethena | +35% in stablecoin | Gem 💎

👉 Ethena is a project on #Ethereum backed by important funds and influencers. 

📌 #DeFi protocol aims to form a new algorithmic $USDe stablecoin that should solve 3 major problems of stablecoins:

1️⃣ Censorship resistance: Does not use the fiat banking system

2️⃣ Scalability: Doesn't require overcollateralization like $DAI

3️⃣ Stability: Uses a delta-neutral strategy for collateralization

⚙️ #Ethena will issue USDe by placing half of the collateral in $ETH staking instruments and the other half in short positions, which will ensure that the value of the collateral grows. This is what allows the project to pay generous dividends to token stakers. Only in 10% of cases this algorithm turned out to be unprofitable 😲

📈 Today, the Binance exchange has completed #Launchpool and listed the $ENA token for trading.

What did you do with your $ENA tokens?

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