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Meet Binance's Latest Launchpool Project Ethena (ENA). 🔥🤩
Binance, the leading cryptocurrency exchange, has recently unveiled its 50th Launchpool project: Ethena (ENA). Developed as a decentralized finance (DeFi) protocol on the Ethereum blockchain, Ethena aims to provide stable yields by safeguarding liquid staking tokens through synthetic dollar USDe while ensuring price stability.
With Arthur Hayes' advisory support, Ethena is set to kick off staking operations, allowing users to earn ENA via BNB and FDUSD pools. The staking period will last for three days, followed by ENA's public listing.
Ethena boasts a total supply of 15 billion ENA, with 300 million tokens reserved for the Launchpool. Additionally, the project plans to conduct an airdrop of up to 750 million ENA to USDe holders.
Furthermore, Ethena's anticipated listing on other cryptocurrency exchanges is expected to expand its reach to a broader audience, solidifying its position in the DeFi space.
Stay tuned for more updates as Ethena continues to revolutionize the world of decentralized finance.
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