$ENA The strategy behind it, delta-neutral hedging, is as intriguing as its complexity. Through a combination of staked Ethereum (sETH) and short perpetual futures positions, it aims to remain insulated from market volatility. This approach, while attempting to address the scalability issues of native crypto dollars, also introduces a new type of risk. Dependence on funding rates and the overall complexity of the system makes it a strong asset, but also one that must be monitored carefully. For me, $ENA is not just a token; it represents a groundbreaking experiment in DeFi. If successful, it could redefine the future of digital finance.