What is ENA?

Ethena Labs introduces a new approach to finance with its synthetic dollar protocol USDe, built on the Ethereum blockchain.

Unlike traditional fiat stablecoins, USDe offers a crypto-native solution that aims to transform the global financial landscape by providing a decentralized and scalable form of money that operates independently of traditional banking infrastructure. This innovation includes the creation of “Internet Bonds,” a novel financial instrument designed to act as a dollar-denominated savings vehicle that is globally accessible and powered by Ethereum collateral and derivatives market dynamics. Ethena’s mission is to provide the crypto ecosystem with a stable, censorship-resistant base currency asset and a globally accessible savings vehicle, addressing a critical gap in decentralized finance (DeFi) and broader financial markets.

Ethena Labs’ initiative stems from the urgent need for a crypto-native form of stablecoin that can facilitate a truly decentralized financial system, free from the limitations and risks associated with the existing stablecoin model associated with the traditional banking system. By leveraging Delta Hedging technology to manage Ethereum collateral, USDe is committed to providing a stable, scalable, and censorship-resistant medium of exchange and store of value. This method of creating synthetic dollars circumvents reliance on centralized financial infrastructure and traditional stablecoin mechanisms, has the potential to reduce systemic risk in the cryptocurrency and DeFi space, and provide a powerful alternative to the existing stablecoin paradigm.

Click on the avatar to follow me, the top 5 in Binance Copy Square, verifiable at any time. The contract is safe, look at the point, share for free, give the point every day, and the winning rate is more than 90%#meme板块关注热点 #MtGox钱包动态 #现货以太坊ETF获美SEC批准 $BNB $USDC