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Binance’s 50th mining project Ethena, please remember to pledge your idle BNB or fdusd for mining.
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Token name: ENA
Maximum supply of tokens: 15 billion ENA
Initial circulation: 1.425 billion ENA
Mining time: three days, from 8:00 on March 30 to 8:00 on April 2.
Trading time: 16:00 on April 2.
Ethena is a synthetic USD stablecoin protocol. Ethena’s synthetic USDe will provide the first censorship-resistant, scalable and stable cryptocurrency-native solution for funding enabled by delta-hedged Ethereum collateral.
USDe is a stablecoin issued by Ethena and is designed to be pegged 1:1 to the U.S. dollar.
Ethena is essentially an open-end hedge fund that uses liquidity to stake ETH tokens as collateral and short an equal amount of ETH to create a delta 0 portfolio. This configuration ensures that the net value of Ethena's holdings does not follow its assets. Fluctuates with changes in the underlying value, and can earn income from ETH pledges and financing payments for its short positions. #BNB‬ #质押挖坑