$ENA

ENA (Ethena) 🧠💵 | The Synthetic Dollar of DeFi

ENA is the governance token of Ethena, a decentralized protocol that powers USDe, a synthetic, crypto-native dollar designed for stability without relying on traditional banking rails.

🔹 USDe maintains its peg via delta-neutral strategies (e.g., hedging ETH staked positions)

🔹 ENA holders govern protocol upgrades, parameters treasury decisions

🔹 Offers yield generation via Ethena Earn.

🔹 Designed to be scalable, censorship-resistant stable

As demand for decentralized stablecoins rises, Ethena +ENA offers a compelling alternative to USDC/USDT reliance.

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