#Binance’s 50th Launchpool new coin mining project#Ethena(#ENA) project analysis and online price prediction

1. What is Ethena (#ENA)

USDe, created by Ethena Labs, aims to provide a stable, scalable form of currency that is not dependent on the traditional banking system. With a synthetic dollar protocol built on Ethereum, Ethena not only meets a need within the crypto-native space, but also breaks the dependence of stablecoins on the traditional banking system. As Ethena’s native utility token, ENA will soon be listed on Binance Launchpool, giving users a great opportunity to participate.

2. Financing situation

Ethena Labs completed a $14 million strategic round of financing at a $300 million valuation, co-led by Dragonfly, Brevan Howard Digital and Maelstrom, the family office of BitMEX founder Arthur Hayes, with PayPal Ventures, Franklin Templeton, Avon Ventures, Binance Labs, Deribit , Gemini and Kraken participated in the investment. This round of financing adopted the structure of a simple agreement for future equity and token warrants.

It is reported that USDe is an Ethereum-based stablecoin guaranteed by derivatives. It achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to stake USD, ETH or liquid tokens as collateral.

3. Project Highlights

Ethena introduces the first globally accessible, censorship-resistant fixed income instrument - "Internet Bonds" - which is a significant complement and revolution to traditional financial instruments and existing cryptocurrency stablecoin solutions.

-Global accessibility and censorship resistance: Leverage the core advantages of encryption technology to provide global users with investment tools that are not restricted by geopolitics and centralized financial institutions.

-Decentralized fixed income products: Provide a role similar to that of U.S. Treasury bonds in traditional financial markets, strengthening the infrastructure of the DeFi ecosystem.

Problem Solved - Ethena strengthens the infrastructure of the entire decentrali