Binance launches ETH (ENA) as the 50th Launchpool project
Binance, the world's largest cryptocurrency exchange by market value, has announced the addition of ETHena (ENA) to its Launchpool³. This marks a major milestone as ETH becomes the 50th project to join the program.
ETHena is a synthetic dollar and internet native yield platform built on the Ethereum (ETH)³ blockchain. Its synthetic dollar, USDe, aims to bring stability and scalability to the DeFi³ ecosystem. The platform uses delta hedging against Ethereum collateral to maintain a USDe peg and introduces 'Internet Bonds' to provide staking and derivatives profit opportunities.
Starting March 30, 2024, users can farm Ethena's native token, ENA, by staking their BNB and FDUSD tokens alongside other projects in the Binance³ launch pool. With a total circulating supply of 15,000,000,000 ENA, Binance said it will initially issue 1,425,000,000 ENA, representing 9.5% of the total supply.
The agricultural event is scheduled to last three days and only users from non-restricted areas can participate in the program³. Binance also revealed that on April 2, 2024, at 08:00 (UTC), the company will officially list ENA on the platform³. The listing will come with a range of trading pairs, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY.
Stay tuned for more updates and happy trading! 🚀
