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Multicoin Capital announces its investment in ENA
Vishal Kankani, Head of Investment at Multicoin Capital, has announced that the company's liquidity fund has invested in ENA, the native token of Ethena Protocol.
According to him, the synthetic dollar USDe of Ethena promises to combine three major trends: stablecoin, perpetual contracts, and tokenization of real-world assets. It is known that Ethena is the only synthetic dollar to achieve meaningful distribution and liquidity outside of USDC and USDT.
USDe has been used as the primary collateral asset on many platforms, including Binance. This protocol has generated nearly $600 million in revenue, with over $450 million earned in the past twelve months.
$ENA
ENAUSDT
Perpetual
0.2804
-4.00%
⭐️ Register for a Binance account to receive a full refund of all Spot, Futures, Margin trading fees:
➡️ Refund link for Spot, Margin, Futures: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8
Vishal Kankani, Head of Investment at Multicoin Capital, has announced that the company's liquidity fund has invested in ENA, the native token of Ethena Protocol.
According to him, the synthetic dollar USDe of Ethena promises to combine three major trends: stablecoin, perpetual contracts, and tokenization of real-world assets. It is known that Ethena is the only synthetic dollar to achieve meaningful distribution and liquidity outside of USDC and USDT.
USDe has been used as the primary collateral asset on many platforms, including Binance. This protocol has generated nearly $600 million in revenue, with over $450 million earned in the past twelve months.
$ENA
ENAUSDT
Perpetual
0.2804
-4.00%
⭐️ Register for a Binance account to receive a full refund of all Spot, Futures, Margin trading fees:
➡️ Refund link for Spot, Margin, Futures: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
