Ethena Labs is the creator of $USDe, a synthetic dollar protocol built on #Ethereum . This initiative aims to address the need for a stable, scalable form of money in the cryptocurrency space without relying on traditional banking systems.
$ENA is its own utility token#Ethena , which is used in the following functions:
Management: Token owners#ENA can vote on protocol governance decisions.As of March 29, 2024, the total ENA supply is 15,000,000,000 and the initial listing float will be 1,425,000,000 (~9.5% of the total token supply.)
3. Roadmap and updates
3.2 Current roadmap
Second quarter 2024:
Launch of the ENA token
Lists of exchanges
BTC deposited as collateral
Beginning of Season 2 of the Incentive Campaign
Implementation of a DAO management system
Third quarter 2024:
$SOL as a collateral asset
USDA Cross-Chain Initiatives
Fourth quarter 2024:
Completion of Season 2 of the Incentive Campaign
Second distribution #ENA after the end of the incentive campaign
Many people ask how much the price of the token will be, I have an answer for you, but it is necessary to do a study, after which it will be possible to say about the price of the token. In the meantime, subscribe!
💥Have you read to the end? Like and subscribe!
