ChainEthos
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$ENA short trade..
#TradersLeague
Ethena (ENA) is the governance token of the Ethena Protocol, which offers a synthetic dollar (USDe) backed by crypto assets instead of traditional fiat. Built on Ethereum, ENA powers the Internet Bond and supports DeFi integrations. Launched in April 2024, it has a total supply of 15 billion tokens, with around 6 billion circulating. ENA is used for staking, governance, and yield generation. The project has gained attention for its delta-neutral strategy to maintain stablecoin value. Price action has been volatile due to large token unlocks and whale activity. Ethena aims to bring decentralized yield and stable savings to crypto.
#TradersLeague
Ethena (ENA) is the governance token of the Ethena Protocol, which offers a synthetic dollar (USDe) backed by crypto assets instead of traditional fiat. Built on Ethereum, ENA powers the Internet Bond and supports DeFi integrations. Launched in April 2024, it has a total supply of 15 billion tokens, with around 6 billion circulating. ENA is used for staking, governance, and yield generation. The project has gained attention for its delta-neutral strategy to maintain stablecoin value. Price action has been volatile due to large token unlocks and whale activity. Ethena aims to bring decentralized yield and stable savings to crypto.
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