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Introducing #ENA : The Future of Digital Money 💸
🌐 What is Ethena?
Ethena establishes an 'Internet Bond,' offering a universally accessible dollar-based savings tool. Its synthetic dollar, USDe, aims for groundbreaking stability, scalability, and censorship-resistance by leveraging Ethereum collateral and delta hedging strategies. 🛡️
🔥 ENA in Depth:
- Ethena Labs oversees USDe issuance, a delta-neutral synthetic dollar, pioneering fully collateralized, on-chain, scalable, and censorship-resistant digital money.
- Maintains a constant price peg of $1 through balancing against perpetual short positions of Ether on derivative exchanges.
- Airdropping up to 750 million ENA tokens to USDe holders committed to the system.
💰 Price Prediction:
ENA's pre-market valuation at $0.65 per $ENA on WhalesMarket. With a total supply of 15 billion tokens, the fully diluted valuation stands at $9.75 billion.
Prediction: Stabilization at $1, expected on April 2.
👩🌾 Token Farming on Binance Launchpool:
Participate in token farming by staking BNB and FDUSD from March 30 to April 1, 2024, at 00:00 UTC.
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