$ENA
In the midst of the hustle and bustle we live in the world of stablecoins, the Ethena Protocol has introduced a completely different concept:
A decentralized stablecoin pegged to the dollar… but without the need for bank reserves!
$ENA is the governance token of the Ethena Protocol, which aims to create a stablecoin called $USDe supported by hedging strategies instead of traditional bank reserves.
