Trade Ethena (ENA) on CoinList

Adopters Nov 8, 2024

Ethena (ENA) is now available for trading on CoinList! 

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About Ethena

Ethena is a synthetic dollar protocol built on Ethereum, offering a decentralized, crypto-native alternative to traditional money that doesn’t depend on banking infrastructure.

Its synthetic dollar, USDe, is fully backed by delta-hedged Ethereum and Bitcoin collateral, ensuring stability and composability across CeFi and DeFi. Ethena also offers the “Internet Bond,” a dollar-denominated rewards instrument that combines revenue from staked assets and market spreads, providing a globally accessible, on-chain solution for secure, scalable finance.

Ethena’s native token, ENA, serves as a core part of the protocol’s ecosystem. It facilitates governance, allowing holders to participate in decision-making processes related to protocol upgrades, risk management, and parameter adjustments. Additionally, ENA is used for staking and can be locked to earn rewards or discounts within the protocol, aligning incentives for long-term users and contributors.

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Legal Notice

*ENA trading is not available to citizens and/or residents of the U.S., Canada, and other unsupported jurisdictions. For more information on unsupported jurisdictions see here.

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