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Ethena (ENA) $ 0.15166378 2.53%
Ethena (ENA) to USD
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About Ethena
Ethena (ENA) is the native governance token of Ethena, a decentralized protocol that developed the USDe “synthetic dollar.” The project takes an innovative approach to maintaining stablecoin stability by using delta-neutral strategies and Ethereum-based reserves, reducing its reliance on the traditional banking system. ENA holders can participate in decisions concerning protocol development, risk management, and revenue allocation. The token is a key component of Ethena’s efforts to build a transparent and scalable DeFi platform capable of generating crypto-native yield.