#BinanceVietnamSquare
What is Ethena (ENA)? 50th project on Binance Launchpool
Binance introduces the 50th project on Binance Launchpool
Accordingly, Binance will allow users to farm ENA tokens from March 30, 2024. Similar to previous times, users will be able to use BNB or FDUSD to perform the farming process and receive ENA cryptocurrency.
Join at:
Ethena's ENA project on Binance Launchpool users participate in ENA farming by staking BNB and FDUSD.
Farming time: From 7:00 a.m. on March 30 to 6:59 a.m. on April 2 (Vietnam time), and then, ENA will be listed at 3:00 p.m. on April 2, 2024 (Vietnam time) with trading pairs are ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY.
Details here
Ethena's solution
Ethena offers USDe as a solution to solve the above problems. This stablecoin is developed with:
Scalability is achieved using derivatives without the need for overcollateralization, as the LST used as collateral can be secured with an equivalent short position.
Stability is achieved through unleveraged short positions taken against LST as soon as USDe is released to ensure position neutrality.
Fight censorship by separating collateral from the banking system and storing collateral in decentralized platforms that can be easily audited on-chain.
