LIVECoin ENA is coming on binance, You need to know everything about the project. I also made a price prediction when the trading will start, so read it carefully.
After the incredible success of Ethena USDe the company is now coming up with their governance token #ETHENA ( ENA) .
** What is Ethena ? **
Ethena is a protocol that offers a dollar-denominated savings product called the "Internet Bond" through blockchain. It achieves price parity with the US dollar using the synthetic asset USDe and Ethereum collateral.
**How Ethena generates yield?**
Ethena generates a 35.4% yield through delta hedging of derivatives positions against ETH and the combination of yields from staked ETH and funding/basis spreads from perpetual and futures markets.
**My Opinion About the project **
Looking at how good the marketcap of Ethena stable coin is , The annual yield they are offering , The total value locked is $1.5 billion which is huge and looking at their user base the project looks great.
Also they have a Stable coin with a $1.4 billion marketcap already. So somehow the project is already developed.
If we see how ETHFI performed well last week. ENA is the same category coin "LSD"
There is an ongoing hype of Ethereum ETF, If ETH gets the approval. Ethereum based LSD's may also take advantage.
But as always i do not recommend buying coins right after the launch. Observe the price first for a few days and also see the marketcap at the time of launh.
**My price prediction at the time when trading will start**
Based on the average marketcap of recent Binance launchpads, the predicted price range for ENA at launch would be $0.25 - $0.35.
Ethena is still available to farm if you're interested in farming some free coins using your BNB or FDUSD , you can use this link to farm
Farm ENA with BNB or FDUSD 👈🏻
At what price do you think ENA will launch?
