Some people say $ENA is complete garbage, relying only on an airdrop for support.
That's a short-sighted view; you only see that ENA currently relies on airdrops, but you don't see the big surprise hidden behind Ethena!
They are making several hundred million a year through hedging strategies, with stable annual returns on sUSDe, and are also building a CeDeFi ecosystem — the new public chain Converge can connect traditional finance, and exchanges Ethereal and Terminal are also lined up, leading to a very wide range of application scenarios in the future!
Although the fee switch is not open yet, the conditions are close to being met, and holders will be able to share in the profits when that happens. Although there is pressure to unlock, these concerns are trivial once the ecosystem is established. The future of ENA looks promising, with a bull market target of 1; it's worth everyone's attention!
Continuously follow: BTC ETH SOL
