$ENA

Ethena is a DeFi protocol that introduces a synthetic stablecoin USDe, which is stable against the US dollar without relying on traditional banking systems. Ethena uses a delta-neutral hedging strategy on Ethereum to maintain USDe stability. The protocol also offers a savings product called "Internet Bond" as an alternative to traditional financial products. Users can stake USDe to earn higher yields, providing a more lucrative option compared to traditional savings accounts. The ENA token allows token holders to participate in Ethena's protocol decision-making, ensuring a decentralized governance model. Ethena aims to provide decentralized and censorship-resistant financial solutions, empowering users with greater control over their assets. By leveraging blockchain technology, Ethena seeks to revolutionize the way people interact with financial services, promoting greater accessibility and inclusivity.