$ENA (Ethena) is a decentralized synthetic dollar protocol that offers a crypto-native solution for stable assets without relying on traditional banks. Built on Ethereum, Ethena uses delta-neutral strategies to maintain its value stability, making it a unique alternative to centralized stablecoins like USDT or USDC.

The native token $ENA plays a key role in governance and incentivization within the protocol. Recently, $ENA has gained attention for its innovative "Internet Bond" concept, offering users yield while maintaining dollar-pegged stability. For Binance traders, represents both a DeFi opportunity and a glimpse into the future of decentralized financial infrastructure.