$ENA is getting more interesting every week.

The latest development: Ethena is expanding USDe’s backing strategy into Binance tokenized stocks and equity perpetuals, adding another potential source of yield.

At the same time, Ethena has approved a programmatic ENA buyback mechanism tied to protocol revenue and USDe growth.

For me, the key things to watch are:

🔥 USDe growth
🔥 Protocol revenue
🔥 ENA buybacks
🔥 Expansion beyond crypto

The fundamentals are moving in the right direction — now the question is whether $ENA price eventually catches up. 👀

#ENA #Ethena #USDe #DeFi #RWA #Tokenization #Crypto #BinanceSquare

ENA

0.2586

-5.34%