Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Learn all about $ENA - the governance token for @ethena_labs! Ethena is a #DeFi protocol focused on creating a synthetic dollar (USDe) and a DeFi bond system that operates outside the traditional banking framework 🙌 Get the insights: https://t.co/gBvNT3vqga https://t.co/6FXczxHwCx
🔥 Join our Ethena Bonus Event 🔥 @ethena_labs is a synthetic dollar protocol built on Ethereum. Stake USDe with #OKXDeFi, and you could earn up to 120% in Sats! Start today & see your rewards increase daily: https://t.co/WifHBQdNy8 https://t.co/eAAgstzzUS
Since the launch of #Ethena Season 2 staking rewards, 10 wallets have withdrawn more than 1M $ENA from exchanges and staked it, totaling 37.5M $ENA($51M). Another wallet"0x523b" spent 436 $ETH($1.6M) to buy 1.16M $ENA at $1.39 and staked it. https://t.co/hBM0Czfk2r https://t.co/dybjkxOST1
Ethena Labs, an Ethereum-based DeFi protocol, has integrated Bitcoin as collateral for its USDe synthetic dollar-pegged product. Whales are withdrawing and staking ENA tokens due to Ethena Season 2 rewards, leading to a surge in ENA token value. ENA token surged by 15% and 20% following reward boosts, with USDe reaching a market cap of over $2 billion. Ethena Labs has boosted staking rewards, resulting in price increases for ENA token. The protocol offers a synthetic dollar alternative and a structured derivatives product.
