ENA is known as a harvester in the bull market, and its performance largely depends on the banker's operating strategy. The banker's strength background and operating mechanism are quite strong, which brings significant profit potential to ENA. However, although there are voices in the market comparing it to LUNA, you personally have reservations and believe that ENA is unlikely to repeat the mistakes of LUNA.

ENA's staking income is a well-known highlight. Many pledgers will adopt the strategy of hedging and shorting in the contract market to ensure that they can obtain stable income no matter how the market price fluctuates. This operating method is also quite common in the VC currency field.

Specifically, assuming that the current price of ENA is US$1, and the pledger pledges 10,000 ENA, if the annualized interest rate exceeds 30%, it is expected to receive more than 3,000 additional ENA as income after one year. However, in the face of future price uncertainty, for example, the price of ENA plummets to 0.1 US dollars after the pledge expires, and the pledger shorts the same amount of ENA (i.e. 10,000 pieces) through the contract market, which can form a hedge to a certain extent, and the main income is The source is still the annual interest rate brought by the pledge.

The core of this strategy is that no matter how the market price of ENA changes, pledgers are guaranteed to receive at least 30% annualized returns. However, it is worth noting that if the price of ENA rises sharply in the short term, short selling may require a large amount of margin call to maintain the position, which constitutes a potential risk point of this strategy.

To sum up, the strategy of combining ENA staking with short selling in the contract market, while providing stable income, also comes with the disadvantage of requiring additional margin due to violent market fluctuations. $ENA