$ENA #CFTCCryptoSprint The digital currency based on the Ethena protocol is a project built on it and aims to provide a decentralized stablecoin called USDe. Unlike traditional stablecoins like USDT or USDC that rely on the US dollar as collateral, the USDe currency is an "artificial dollar" not tied to fiat currencies but relies on crypto assets and short-term futures as collateral. This means its value is stable thanks to a complex financial strategy known as "delta hedging" aimed at reducing the risk of price fluctuations.
The role of the ENA currency is governance token, which means its holders have the right to participate in the management of the protocol and make decisions regarding its future. They can vote on important proposals related to development, changes in the system, or any other strategic decisions. Essentially, Ethena aims through its USDe currency to provide an alternative solution for digital money that can be stable and scalable without relying on the traditional banking system, thus opening the door to a true decentralized financial system.