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ENA will invest BNB and FDUSD into the ENA mining pool on the Launchpad website after 08:00 on March 30, 2024 to obtain ENA rewards. Mining can be done for a total of 3 days, which has already started.

Binance will be the first platform to list ENA. It will be listed at 16:00 on April 2, 2024. At the same time, an airdrop transaction of 750 million ENA will be conducted on the same day. After going online, ENA/BTC, ENA/USDT, ENA/ BNB, ENA/FDUSD and ENA/TRY trading markets

ENA’s financing is approximately US$30 million, and its valuation is approximately US$300 million. BinanceLabs Deribit, Bybit, OKX, Gemini, Huobi, Arthur Hayes and their family offices have all participated in the investment.

Ethena, the synthetic dollar protocol, is a new project belonging to the RWA sector. It is an open hedge fund that mainly uses spot purchases of ETH for pledge and tokenizes its trading collateral into stable coins. By shorting an equal amount of ETH, this strategy insulates Ethena’s net asset value from cryptocurrency price fluctuations while generating revenue from ETH staking and funding payments on its short position.

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