✔✔ena Investment Research (New Currency)
1️⃣Project introduction: Decentralized stable currency project built on eth
2️⃣Financing and team situation:
The founders of Dragonfly and BitMEX led the investment, with participation from Deribit, Bybit, OKX, Gemini, etc., totaling more than US$300 million. Founder Guy Young previously had 6 years of investment experience at Cerberus Capital Management.
3️⃣Token Economics
The total supply of $ENA is 15 billion, and the initial circulating supply is 1.425 billion. A total of 750 million $ENA tokens will be distributed in this airdrop event.
4️⃣Economic model
While earning ETH staking income, you can open 1x short orders of the same size position on CEX to earn funding rates.
♥Outlook: The launch of Ethena may change the traditional dependence model of the crypto market on stable assets. With the further development of the project and the entry of new funds, it has reached a TVL of billions of dollars and may also become the leader in a new DeFi product. Detonate the bull market. The project invested by Laohei may also produce a hit product, which may directly exceed $1, and the market estimates the upper-line price to be around 0.5U.
