Binance Launchpool announces the 50th project: Ethena (ENA), a synthetic dollar protocol built on Ethereum let's talk a little bit about the project before we dive into how to acquire some.
Synthetic Dollar (USDe): Ethena's stablecoin (USDe) will be a new stablecoin solution developed based on the delta-hedging strategy.Unlike traditional stablecoins pegged to fiat currencies, USDe is a crypto-native synthetic dollar collateralized by a combination of crypto assets and short futures positions.
DeFi Applications: Ethena seeks to provide various DeFi applications built around USDe. This includes a globally accessible "Internet Bond" that could function as a dollar-denominated savings instrument.
đ Farming period: 30/3/2024 00:00 (UTC) to 2/04/2024 00:00 (UTC)
đ Listing: Binance will then list ENA at 2024-04-02 08:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY trading pairs.
âïž ENA Launchpool Details:
Token Name: Ethena (ENA)
Max Token Supply: 15,000,000,000 ENA
Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per User:
333,333.33 ENA in BNB pool
83,333.33 ENA in FDUSD pool
đšâđŸSupported Pools:
Stake BNB: 240,000,000 ENA in rewards (80%)
Stake FDUSD: 60,000,000 ENA in rewards (20%)
