ENA's development prospects

Ethena is, simply put, a synthetic asset. Their flagship product, USDe, is similar to UST back then, but the collateral is different. For this USDe, ETH is used as the underlying asset, and spot ETH and futures ETH are used to hedge short positions. In this way, the value of the asset is stable and you are not afraid of ETH price fluctuations.
This Ethena not only makes USDe stable, but also generates interest! The annualized rate of return is between 3% and 20%, providing users with a digital asset choice that is both stable and profitable. To put it bluntly, it's like you deposit ETH and turn it into USDe, and then the project party uses your ETH to arbitrage, and then gives you some interest in return.