#Ethena Labs Spotlights
- $1.4B Total Value Locked
- Users: 104K
- $sUSDe APY 35.2%
- Total Raised: $20.5M - Led by @BinanceLabs @dragonfly_xyz @BlockTower @Delphi_Digital @lightspeedvp @GSR_io @wintermute_t @okx @mirana
- Partners: @MakerDAO @MorphoLabs @0xMantle @CeffuGlobal @ZircuitL2 @WhalesMarket @injective @MantaNetwork @redstone_defi @pendle_fi
1/ Ethena Overview
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure.
It is alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
🔹Permissionless Acquire USDe
🔹Direct Mint USDe
🔹Direct Redeem USDe
🔹Stake & Unstake USDe
2/ $ENA Price Prediction
- Total Supply: $15B
- Initial Supply: 1.425B
OTC Price on @WhalesMarket and @Bybit_Official Pre-market is 0.67$ - 0.7$ at $1 Billion Market Cap
$ENA price could be around $0.7 - 2$ at the listing ATH price and traded mostly around 1$ with a market cap of around $1B - $1.5B
3/ Ethena @binance Launchpool
Supported Pools:
🔹Stake BNB (webpage will be available in around 5 hours): 240,000,000 ENA in rewards (80%)
🔹Stake FDUSD (webpage will be available in around 5 hours): 60,000,000 ENA in rewards (20%)
⏰Farming Start: 2024-03-30 00:00 UTC
Join Ethena Binance Launchpool now
4/ Ethena Core Contributors
Deep experience across traditional finance and crypto-engineering including
- @CryptoHayes - Founding @BitMEX
- Ex-Cerberus - CEO of @ethena_labs Guy Yuong
- Heads Engineering of @wintermute_t
- Co-Heads of Quant - @GoldmanSachs @FlowTraders
- Head of Growth @LidoFinance @GoldmanSachs
- Head of Product - @tradeparadigm @DeribitExchange
5/ To read more of Ethena, Please visit
https://www.binance.com/en/support/announcement/introducing-ethena-ena-on-binance-launchpool-farm-ena-by-staking-bnb-and-fdusd-6c216f219f0e42adb1849759dee3fbd9
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