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Ethena ENA |
BUY
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$0.0971522 |
1.14 % (24h) |
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Marketcap |
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$850,992,747 |
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Volume 24h |
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$103,312,569 |
Description
Ethena (ENA) is the governance token for the Ethena protocol, which issues the USDe synthetic dollar and provides decentralized yield opportunities. Holders of ENA have the power to vote on key protocol decisions, such as the management of the delta-neutral hedge, collateral types, and the distribution of network incentives. The project aims to decentralize the governance of its synthetic dollar system to ensure long-term stability and transparency for its global user base. ENA plays a vital role in coordinating the interests of stakers, liquidity providers, and developers within the Ethena ecosystem.