$ENA What Is Ethena (ENA)?

Ethena (ENA) is the native token of the Ethena DeFi protocol, which powers a synthetic stablecoin called USDe. It aims to offer a crypto-native dollar alternative backed by delta-neutral strategies involving staked ETH and perpetual futures trading

The ENA token serves multiple roles: governance (voting on protocol upgrades), utility (paying fees), and staking for rewards via mechanisms like sENA