💰💰💰What is Ethena (ENA)? Advantages of Ethena 💰💰💰

💡Ethena is the 50th project on Binance Launchpool. Binance listed ENA token at 3:00 p.m. on April 2 and opened trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs. Users can stake BNB and FDUSD into separate pools to farm ENA for three days, starting at 7:00 a.m. on March 30. The site is estimated to be available for 5 hours, before the launchpool begins. Seed tokens will be applied to ENA tokens.

💡Ethena (ENA) is an LSD (Liquid Staking Derivative) protocol developed based on Ethereum. The project provides a cryptocurrency solution that does not depend on traditional banking system infrastructure, supporting increased profits for users through USDe - this is Ethena Labs' synthetic dollar.

💡Ethena's main product is USDe - an ERC-20 token. USDe will ensure stable value and generate profits for holders through the use of delta-hedging. It will also be fully supported transparently onchain and can be freely composed across DeFi.

💡The stability of the USDe exchange rate is guaranteed through the use of derivatives based on the delta-heding mechanism. Users can mint USDe by mortgaging LSTs (Liquid Staking Tokens) such as stETH...using USDe for activities such as earning profits through Internet Bond.

💡Users can use USDe to: access external AMM pools to buy or sell USDe with stablecoin collateral such as USDT or USDC; Mint directly USDe, deposit stETH collateral and receive USDe; Directly exchange USDe, send USDe and receive stETH; Stake and unstake USDe.

💡The project became the highest earning protocol in the industry in just three weeks, marking a new benchmark for DeFi interest. Ethereum reserve fund increased to more than 25 million USD in just one month.

💡Some outstanding achievements:

- 1.4 billion USD TVL

- More than 104 thousand users

- sUSDe APY at 35.2%, extremely impressive APR

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