$ENA is on Binance Launchpool now.
Here's what you need to know about $ENA: What it is and its price before listing.

What is Ethena?
Ethena is a Stablecoin project within the Ethereum ecosystem. It pioneers the concept of Synthetic Dollar and Internet Native Yield. The Synthetic Dollar involves a Stablecoin tethered to USD, created from collateral assets like LST (stETH, rETH, etc.), in conjunction with Short ETH positions. Internet Native Yield means the interest of the Stablecoin is solely derived from the Internet.

Stablecoin profits are generated through Staking Rewards using LST as collateral assets and earning Funding Rate fees from Short ETH positions on centralized exchanges. Staking rewards from LST range from 3% to 4%, while Funding Rate fees can vary from 0% to 20% annually.

The project has gained recognition from investment firms like Binance Labs, Dragonfly Capital, Lightspeed, among others. Market analysts have differing views on the project's associated risks.

Token $ENA Valuation Post-Listing

Ethena is a pioneer in the Stablecoin sector and is known for its unique profit model and innovative risk management approach. While finding similar projects is challenging due to its distinctive nature, it can be compared to initiatives like MakerDAO and Liquity, which also make advancements in the Stablecoin domain.

Compared to projects like MakerDAO or Liquity, Ethena could potentially achieve a market capitalization of between $200m and $460m, leading to the $ENA token price fluctuating between $0.14 USD and $0.32.

Additionally, ENA tokens are now available for trading on the pre-market at an approximate rate of $0.7.