Ethena
ENA
Rank #82
0.083639
24h
24h:
+0.40%
7d:
+12.62%
30d:
-2.4%
Market Cap
799.479M
24h:
+0.42%
Volume
108.471M
Circulating Supply
9.561B ENA
Total Supply
15B ENA
Ethena introduces a synthetic dollar, USDe, on Ethereum, offering a banking-independent solution and a dollar-denominated 'Internet Bond' as a savings tool. USDe leverages delta-hedged Ethereum collateral for scalability and DeFi compatibility, ensuring peg stability through derivatives against collateral. The Internet Bond generates yield from staked assets and market spreads, creating a novel, on-chain bond accessible in certain regions.
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