$ENA In the rapidly evolving Web3 world, $ENA (Ethena) stands out as a groundbreaking solution in the field of decentralized finance (DeFi). As the native token of the Ethena Protocol ecosystem, $ENA plays a central role in the issuance of the decentralized stablecoin USDe, supported by innovative and transparent asset hedging strategies. This sets Ethena apart from traditional stablecoin models like USDT or USDC, which rely on centralized reserves.
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