$ENA

CFTCCryptoSprint is the digital currency with the Ethena protocol, which is a project built on it and aims to provide a decentralized stablecoin called USDe. Unlike traditional stablecoins like USDT or USDC that rely on the US dollar as collateral, USDe is an (artificial dollar) not tied to fiat currencies but relies on cryptocurrency assets and short-term futures as collateral. This means its value is stable thanks to a complex financial strategy known as "delta hedging," which aims to reduce the risks of price fluctuations.

The role of the ENA token is governance, meaning that its holders have the right to participate in the management of the protocol and make decisions regarding its future. They can vote on important proposals related to development or changes in the system or any other strategic decisions. Essentially, Ethena aims, through its USDe currency, to provide an alternative solution for digital money that can be stable and scalable without relying on the traditional banking system, thereby opening the door to a true decentralized financial system.