$ENA ANALYSIS 🔮🔎

#ENA - #donaldtrump recently started buying this token and today they entered into a strategic partnership with ENA!

#ethena is a synthetic dollar protocol built on the Ethereum Blockchain that offers a new type of stablecoin called $USDe.

Unlike traditional #Stablecoins like $USDC or $USDT, #USDe is not pegged to fiat currencies.

Instead, it is a synthetic dollar backed by crypto assets and short futures positions. This unique approach allows Ethena to create a censorship-resistant, scalable, and stable form of digital money.

$ENA capitalization is 3.2 billion and it is relatively not much, as well as L2 solutions!💰

Ethena USDe (#USDe )

⚠️ Hold Signal (Stablecoin)

💵 Current Price: $1.00

📉 Close Position: $1.00 (no significant volatility expected)

📈 Reason: Stablecoin – not ideal for trading.

#buy_long #writetoearn #btchit100k

$ENA is shining today, climbing over 20% to $1.18 — its highest level since April! Over the past quarter, Ethena has surged an incredible 450%, fueled by anticipation and strategic developments.

Here’s what’s happening:

1️⃣ The highly anticipated launch of USDe stablecoin tomorrow (Dec 16) is creating buzz. USDe offers yield through Ethereum staking and perpetual funding rates, promising innovation in stablecoins.

2️⃣ Partnerships like the one with Derive.xyz are boosting ENA’s presence in DeFi, enhancing liquidity and functionality.

3️⃣ Major investments from institutions like WLFI show strong confidence in Ethena’s ecosystem.

Despite its rapid growth, challenges remain — critics compare USDe’s model to Terra-Luna. Can Ethena prove the skeptics wrong?

#USDe #Ethena

$ENA well, I see...

🐐
#ethena #ena #saturn #binance #usde

Ethena Labs Takes Precautions Against Potential Risks Using USDe for Derivatives Collateral

Ethena has introduced a feature allowing traders to use USDe as collateral for derivatives trading. Conor Ryder, head of research at Ethena Labs, explained that they have taken the necessary precautions to mitigate potential risks. Guy Young, Ethena Labs' founder, stated that the company and its partners have implemented appropriate safeguards. Ethena collaborates with five exchanges to diversify short bets on USDe: 48% on Binance, 23% on Bybit, 20% on OKX, 5% on Deribit, and 1% on Bitget. The collateral for USDe is diversified: 50% supported by Bitcoin, 30% by Ethereum, 11% by Ethereum Liquid Tokens, and 8% by USDT. Bybit has also announced the use of USDe for derivatives trading, offering up to 20% annual interest.

#EthenaLabs #usde #Derivatives #cryptotrading #Binance

📈 Digital US Dollar Supply Reaches All-Time High 📈

The supply of USDe has reached a new all-time high of $5.821 billion, with a growth of 10.83% in the last week. This increase reflects greater activity and interest in the digital currency, driven by market dynamics and strategic moves. The record supply of USDe underscores the growing role of digital currencies in the financial ecosystem and may influence liquidity, prices, and market stability.

#USDe #Criptomonedas #MercadoDigital 🚀📊🔒$HBAR $KSM $INJ

ENA Returns to $1 After Half a Year! Whale Movement, $5.47 Million Tokens May Trigger a Sell-off Storm?
On December 13, on-chain data showed that ENA has returned to the $1 mark after half a year, but the market has seen whale movements that have raised concerns. Whale Wanyekest deposited 5.506 million ENA (worth $5.47 million) to Binance 14 hours ago. Statistics indicate that this whale has staked a total of 9.19 million USDe to Ethena over the past 9 months.
Coincidentally, this is the second address suspected of a large token sell-off within 48 hours. Does this movement suggest that the market may face selling pressure in the short term? Or is it merely a strategy adjustment by the whale?
Beneath ENA's strong rebound, undercurrents are stirring, and the market is holding its breath to observe the upcoming sell-off scale and its potential impact on prices. How to find opportunities amidst volatility? Feel free to discuss with Jiang Ge and capture the hidden market trends!
#ENA #USDe #AVA #ME #MOVE $AVAX $DOGE $LINK

$ENA Recent Key Developments Analysis

1. Participation in #MakerDao Stablecoin Competition
ENA announces that the stablecoin launched in collaboration with BlackRock will participate in MakerDAO's competition, aiming to further enhance its market position and expand its application scenarios.

2. Deep Cooperation with #Derivexyz
ENA has established a deep cooperation with Derivexyz, the largest on-chain options platform, dedicated to building options and structured financial products on USDe. By leveraging the liquidity of #Ethena and the composability of #USDe , ENA is exploring unique financial innovation models to bring new financial primitives to the market.

$ENA Potential Outlook
In this market cycle, #ENA is expected to become the biggest dark horse. Although the current bull market has not yet formed a clear concept of 'breaking the circle', #ENA cleverly utilizes market arbitrage mechanisms, attracts traditional capital entry, and meets the demand for stable returns in the bull market, giving it the conditions to stand out and become the focus of investors' attention.

#eth After Binance announced on the 29th that Ethena (ENA) will be listed on Binance as a new currency mining project, MakerDAO then announced that it will deploy $100 million of DAI through Morpho Blue and distribute distribute it to sUSDe/DAI and USDe/DAI markets.
MakerDAO founder Rune also minted 5.66 million USDT into USDe through his personal address yesterday (30).
So, what is ETH? What is USDe again?
BitMEX founder Arthur Hayes published a paper titled “Dust on Crust” in March 2023, which contemplated the creation of a synthetic US dollar-denominated stablecoin through a combination of electronic and equivalent form of short-term perpetual contract position hedging. He ended the post by saying that he wanted to support a trustworthy team to turn the idea into reality and Ethena was born.
ETH is a synthetic dollar protocol built on Ethereum, with ETH as the underlying asset. USDe is based on equal amounts of short-term ETH spot and futures ETH collateral. Both are hedged to become delta-neutral stable assets. ,Delta Neutrality means that USDe Collateralized Position is essentially unaffected by changes in ETH price, thus ensuring asset reliability and USDe stability.
Ethena, inspired by Arthur Hayes, is also popular with leading institutions: it has received $14 million in funding from Dragonfly, Binance Labs, GSR, Wintermute, etc., at a project valuation of 300 million US dollars. #usde

#ena , which was launched yesterday, has soared. This is an emerging algorithmic stablecoin project. Although there have been various failures in the past, such as #luna , it still cannot stop all the experts from continuing to explore in this field. #ena is an emerging stablecoin project that uses futures to hedge risks. The stablecoin is called #usde . Currently, there is a good staking income on the official website, and many kols are also forwarding and promoting it.

Today I don’t want to talk about the ENA project. After all, too many kols have professionally analyzed it. What I want to talk about is that in order to avoid the risk of collapse similar to Luna and UST, you can consider putting a small insurance position on #y2k . Y2K is a project on Arbitrum that insures stablecoins. It was launched the year before last. It hedges the risk of the stablecoin’s currency value through options. When the stablecoin deviates from $1, it will trigger compensation.

With the emergence of stablecoin projects, similar to Y2K, a certain ecology has also been formed.

#ENA $ENA #MKR，SNX $MKR #USDe #dai
The previous article mentioned the core role of ENA, but it is relatively abstract and seems to be very difficult for everyone to understand

I will open a separate article here to talk about it

First of all, everyone should understand the status of Suanwen in the currency circle, just like the aircraft engine is the pearl on the crown of industry, Suanwen is the pearl of the currency circle

Secondly, as long as there is a project that can add leverage to the market and has a certain scale, then this project will definitely be sought after by funds and is destined to take off

The most intuitive example is MKR and the stablecoin Dai it issued.
The core logic of leveraging the market is to buy Ethereum and Bitcoin, mortgage them to MKR, mint the stablecoin Dai, and then use Dai to continue to buy spot Ethereum and Bitcoin, and repeat this cycle, resulting in less and less spot in the market and rising prices.
But the disadvantages are also obvious. Only 80 Dai can be minted for 100U worth of Ethereum, which is similar to the concept of loss, resulting in the inability to keep leveraging funds. Unless the price keeps rising, the more leverage is cycled, the less funds can be used. Of course, this does not affect the price takeoff of MKR, and the market value has long dominated the top five 10

Back to ENA, for every 100 USDe minted, 50U worth of Ethereum spot will be bought in the market, and then 50U worth of short orders will be opened. The value is anchored, and the capital utilization rate is 100%. Buy 100U of Ethereum and lock it in ENA to take out 100USDe to continue buying, and repeat it over and over again. The leverage that can be added is N times that of MKR, and the capital utilization rate is extremely high
The extra money must have a source. The higher the leverage, the more short orders there are in the contract. However, since the contract price is greatly affected by the spot price, the spot quantity is limited, unlike the unlimited contract, so the larger the issuance of USDe, the higher the market leverage, and the market The more you buy Bitcoin and Ethereum spot, the more the price will rise, similar to the Fed printing money (unlimited) to buy gold (limited), directly stepping on the left foot and spiraling to the sky

In this round of bull market, the future rise of Bitcoin, ETF funds are the first contributor, and the second contributor ENA is indispensable

Of course, ENA will also contribute to the rise of Bitcoin at the beginning of the bear market, but what does it matter? I have already liquidated my position and ran away

ENA is destined to enter the top 20 of the market value rankings. If the market FOMO, it is not impossible to stroll around the top ten. Although the previous article estimated that ENA has a guaranteed 7U per unit, I will not sell it at this price anyway