$ENA

The story of Ethena Labs began with a simple yet ambitious idea: to create USDe — a stablecoin backed not by fiat but by cryptocurrency assets. This would allow users to earn income without the need to engage with the traditional banking system.

In 2024, Ethena Labs launched the governance token ENA. It allows holders to participate in key decisions affecting the future of the protocol. ENA quickly attracted the attention of the crypto community due to its innovative approach to stablecoin creation and the unique yields offered by USDe.

From the very beginning, Ethena positioned itself as a project capable of shaking up the decentralized finance market by offering a new perspective on stability and profitability in the crypto world.