#MyFirstSquarePost Hello Binance Square users!
Ethena is a project developed to solve the problems of existing stablecoins in the cryptocurrency market
This project will provide a stablecoin solution independent of the traditional banking system, along with a USD-denominated savings tool called Internet Bond. Ethena's stablecoin (USDe) will be a stablecoin solution developed based on the delta-hedging strategy. USDe will be fully collateralized transparently on-chain and freely usable across DeFi applications.
Stable assets popular in the crypto market are vulnerable when financial institutions encounter problems. The case of USDC is a typical example, when USDC's managing company left 3.3 billion USD in a Silicon Valley bank. When the Silicon Valley bank encountered problems, this stablecoin immediately crashed.
90 million tokens in circulation. call for capital 30 million $ price range 0.3-05
So what is the price for #ENA ? reasonable ??
