Binance Launchpool announces the 50th project: Ethena (ENA), a synthetic dollar protocol built on Ethereum let's talk a little bit about the project before we dive into how to acquire some. Synthetic Dollar (USDe): Ethena's stablecoin (USDe) will be a new stablecoin solution developed based on the delta-hedging strategy.Unlike traditional stablecoins pegged to fiat currencies, USDe is a crypto-native synthetic dollar collateralized by a combination of crypto assets and short futures positions. DeFi Applications: Ethena seeks to provide various DeFi applications built around USDe. This includes a globally accessible "Internet Bond" that could function as a dollar-denominated savings instrument. 🗓 Farming period: 30/3/2024 00:00 (UTC) to 2/04/2024 00:00 (UTC) 👍 Listing: Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs. ⭐️ ENA Launchpool Details: Token Name: Ethena (ENA) Max Token Supply: 15,000,000,000 ENA Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply) Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply) Smart Contract Details: Ethereum Staking Terms: KYC required Hourly Hard Cap per User: 333,333.33 ENA in BNB pool 83,333.33 ENA in FDUSD pool 👨🌾Supported Pools: Stake BNB: 240,000,000 ENA in rewards (80%) Stake FDUSD: 60,000,000 ENA in rewards (20%) #Lcademy #BlockchainJob #CryptoJob #KOLcrypto
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