What is Ethena (ENA): complete guide for Beginners and Investors

Ethena is a synthetic dollar and yield-bearing stablecoin protocol built on Ethereum, aiming to offer a decentralized alternative to traditional banking.

Ethena Live Price:

 

 

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Ticker:
ENA
Algorithm:
Proof-of-Stake
Max Supply:
15,000,000,000
Type:
Governance Token
Founder:
Guy Young
Launch:
April 2024
ENA Price:

 

 

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Launched in April 2024 by Guy Young, ENA powers the Ethena Labs ecosystem, which includes USDe, a delta-neutral synthetic dollar.

TECHNOLOGY

ENA operates using delta hedging and staking strategies with integrations across major DeFi platforms and centralized exchanges.

USE CASES

ENA is used for governance, staking rewards, and incentive alignment within the Ethena ecosystem.

FORECAST

ENA adoption is tied to the success of USDe and demand for decentralized stablecoin alternatives.

FAQ

What is Ethena crypto?

Ethena is a synthetic dollar and yield-bearing stablecoin protocol built on Ethereum, aiming to offer a decentralized alternative to traditional banking.

Where can I check Ethena crypto price?

You can find the live Ethena price on Walbi’s Ethena coin page.

Does Walbi provide Ethena crypto price predictions?

Walbi provides Ethena price predictions based on market analysis.

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