$ENA

The ENA token is the symbol of the Ethena project, an innovative financial protocol on the Ethereum network aimed at creating a synthetic stablecoin backed by digital assets and financial derivatives. The project allows users to deposit Ethereum or supported assets and use hedging strategies to create a stablecoin that is not directly tied to traditional currencies, thereby reducing the risks associated with volatility. ENA provides users with participation in governance and voting on protocol development decisions, in addition to incentivizing them through rewards. The project is characterized by its focus on transparency and decentralization, making it attractive to investors seeking innovative solutions in decentralized finance (DeFi) and achieving sustainable passive income.