What is#ethena(#ENA)?

Ena, a decentralized financial protocol built on the Ethereum blockchain, has a synthetic dollar called USDe... While the market capitalization of the startup Sana is only $ 85 million, its current value in US dollars is around 1 .3 million dollars.

Ethena's synthetic dollars are USD, its investors receive fixed income to protect Lido's STETH-style staking tokens. Additionally, these tokens are trying to lock in the permanent price of $ 1 by balancing it with long-term Ether short positions on derivatives exchanges.

On April 2, 2024 at 08:00 (UTC), Binance will officially list ena and introduce several trading pairs, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY. This strategic decision underscores Binance's commitment to increasing liquidity and accessibility in the cryptocurrency market, providing investors with a wide range of options to interact with emerging assets like ENA.

Ethena Launch Group (ENA) Details Announced#Binancereviewed the features of the Ethena Launch Pool, providing clarity on critical issues such as token supply, rewards, and staking conditions. July. When the maximum token supply is capped at 15,000,000,000 ENA, participants can expect significant rewards with 300,000,000 ENA allocated for Launchpool token rewards, representing 2% of the total token supply.

Of particular interest is the initial circulating supply of ENA set at 1,425,000,000 ena, which represents 9.5% of the maximum coin supply. Working on the Ethereum blockchain, Ethena implements staking conditions that require Know Your Customer (KYC) verification, ensuring compliance with regulatory standards and increasing security for users.#ENALAUNCHPOOL#BinanceLaunchpool