🧭 What is ENA token? Ethena Labs Features

🍒 What is Ethena?

📌 Ethena is a USD (synthetic dollar) synthesis protocol on the Ethereum blockchain. The project provides a cryptocurrency investment solution that does not depend on traditional banking infrastructure and a global USD savings tool "Internet Bond".

📌 On March 29, Ethena became the 50th project

on Binance Launchpool. Binance plans to list ENA token at 3:00 p.m. on April 2 and attach a seed tag to this token.

🍒 Characteristics of Ethena

📌 USDe: Ethena Labs manages the creation and redemption of the synthetic USD coin "USDe". This is the first fully-backed, on-chain, scalable and censorship-resistant cryptocurrency.

📌 Internet bond: Internet bond tightly integrated with blockchain technology and cryptocurrencies, providing yield on staked Ethereum and arbitrage between price and basis in perpetual and futures markets .

📌 Profit: The project's profit comes from two sources:

+ Consensus rewards and enforcement of staked ETH.

+ Funding sources and price differences.

📌 Delta hedging mechanism: Feature that helps reduce the risk of price fluctuations, automatically adjusts to keep the delta position (price correlation) with the underlying asset.

🍒 Ethena introduces two new concepts: USDe and internet bonds. The project promotes blockchain transparency with many utilities to meet the diverse needs of users.

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