📣 Binance Launches Ethena (ENA) as 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 significant milestone as Ethena becomes the 50th project to join the program.

Ethena is a synthetic dollar and internet-native yield platform built on the Ethereum (ETH) blockchain³. Its synthetic dollar, USDe, aims to bring stability and scalability to the DeFi ecosystem³. The platform utilizes delta-hedging against Ethereum collateral to maintain USDe’s peg and introduces the 'Internet Bond' for yield opportunities from staking and derivatives.

Starting on March 30, 2024, users can farm Ethena’s native token, ENA, by staking their BNB and FDUSD tokens alongside other projects in the Binance launchpool³. With a total circulating supply of 15,000,000,000 ENA, Binance said it will initially release 1,425,000,000 ENA, representing 9.5% of the total supply.

The farming event is scheduled to last three days, and only users from non-restricted regions can participate in the program³. Binance also disclosed 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.

This strategic move underscores Binance’s commitment to fostering liquidity and accessibility within the cryptocurrency market, providing traders with diverse options to engage with emerging assets like ENA.

Stay tuned for more updates and happy trading! 🚀

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