Ethena: Decentralized stablecoin USDe, backed by crypto and short futures.
Ethena creates USDe, a crypto-backed stablecoin, using staked ETH and short futures for price stability and decentralization.
Loading chart...
Analytics
Team
Upcoming events
No upcoming events planned
What is Ethena (ENA)?
Ethena is a decentralized protocol built on Ethereum that aims to create USDe, a crypto-native stablecoin. Differing from fiat-backed stablecoins like USDT and USDC, USDe is a synthetic dollar supported by cryptocurrency collateral and short futures. Ethena's goal is to offer a scalable, censorship-resistant, and globally accessible financial system within the crypto space. Key features include: USDe, which uses a delta-neutral strategy (staking ETH and shorting futures) to maintain price stability; decentralization via smart contracts and oracles (although some derivative positions are on centralized exchanges); and community governance through a DAO using the ENA token.
Related coins you may like
Trending coins
Most visited cryptocurrencies
Global prices
Ethena price live information
As of now, Ethena is trading at 0.674 USD, with a 24-hour trading volume of approximately 95.79M USD. The ENA to USD price is updated in real time. Over the past 24 hours, Ethena has increased by 7.05%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 3.56B USD. Currently, there are 5 285 937 500 ENA in circulation out of a maximum supply of 15 000 000 000 ENA.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
RESOURCES
Community
Support
© 2023 CMC.IO. All rights reserved