$ENA

💵 ENA – The token behind the “bankless” stablecoin

Ethena creates USDe, a unique stablecoin not tied to banks or traditional assets. Instead, USDe maintains its value by hedging long/short ETH positions on derivatives exchanges, creating an extremely flexible “synthetic dollar” model.

🔧 Token $ENA is the key to the Ethena ecosystem:

• Used for protocol governance

• Earn rewards from supporting system balance

• Stake to participate in security and earn profits

💡 Highlights:

• USDe is generating real yield from funding rates

• Suitable for users who prefer yield-generating stablecoins without relying on CeFi

ENA is not just a token – it is a gateway to a decentralized, independent, and sustainably profitable financial model.