$ENA

ENA is the native governance token of Ethena, a synthetic dollar protocol on the Ethereum blockchain. Ethena's core product is USDe, a stablecoin backed by crypto assets and delta-hedged derivatives positions, offering a crypto-native, scalable alternative to traditional stablecoins. ENA holders can vote on key decisions affecting the protocol. Ethena's innovative approach aims to provide a censorship-resistant and yield-bearing "Internet Bond." This model has garnered significant attention, with USDe becoming one of the largest stablecoins in the DeFi space.

#ENA #Ethena #USDe #DeFi #Ethereum #Crypto #Stablecoin #Blockchain