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.