Market Data
About ENA
ENA is the governance and utility token for Ethena, a decentralized finance (DeFi) protocol that provides crypto-native synthetic dollar infrastructure. Ethena is best known for USDe, a synthetic dollar that maintains its peg through delta-neutral positions on liquid staked Ethereum collateral (stETH). Often referred to as a 'Global Internet Bond', the protocol enables a yield-bearing stablecoin solution that operates independently of traditional banking systems. ENA holders participate in the governance of the protocol, influencing key decisions regarding risk management and development.
Developer & Community
Recent ENA news
See all →COINDESK: Coinbase backs Ethena ahead of savings product launch for exchange's 100 million users
THE BLOCK: Ethena taps Anchorage for secure offchain collateral in institutional lending push
THE BLOCK: Coinbase invests in Ethena via open market purchase of ENA, flags new partnership
More Arbitrum Ecosystem assets
See all →Decentralized lending platform
RAIN is the native utility and governance token for the Rain Protocol, a decentralized options and prediction market pla…
Oracle infrastructure
ETH based delta-neutral stablecoin
PayPal USD (PYUSD) is a US dollar-denominated stablecoin designed to bridge traditional finance with blockchain technolo…
Ondo US Dollar Yield (USDY) is a tokenized note secured by short-term US Treasuries and bank demand deposits. It is a se…
DOT is the native utility and governance token of the Polkadot network, a scalable heterogeneous multi-chain platform th…
Decentralized trading protocol