$ENA is the governance token powering the Ethena ecosystem, designed to bring stability and innovation to decentralized finance. One of its main purposes is supporting the synthetic dollar, USDe, which aims to provide a scalable, crypto-native stable asset. ENA holders can participate in governance, shaping the future direction of the protocol while benefiting from potential rewards linked to its growth. In a DeFi landscape often dominated by volatility, $ENA offers a unique value proposition—combining stability, yield opportunities, and community-driven decision-making. As adoption grows, $ENA could play a key role in redefining how stability and decentralization work together in the crypto economy.