$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 seeks to remain insulated from market volatility. This approach, while attempting to solve the scalability issues of native crypto dollars, also introduces new types of risk. Dependence on funding rates and the overall complexity of the system makes it a strong asset, but one that must also 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.