What is ENA?

_{Ethena Labs (ENA)What is it?}

Ethena is a synthetic dollar protocol built on Ethereum
which provides a crypto design for money that does not rely on the infrastructure of traditional banking systems.
Its synthetic dollar, known as USde, has been dubbed the 'Internet Bond'.
And it's a dollar-valued savings tool along with the benefits of DeFi.

_{Native blockchain:}

Ethena Labs (ENA) runs on the Ethereum blockchain using the ERC-20 token standard

_{Consensus protocol:}

Ethena Labs (ENA) uses Proof of Stake (PoS) as a consensus protocol
To confirm and verify transactions on the Ethereum network.

_{Founder/Date Founded:}

Ethena's team combines expertise from both the traditional and crypto sectors.
Each team has experience from leading companies such as Wintermute, Flow Traders, Genesis Trading, DRW
and Tower Research

_{Objective/Use case:}

Ethena Labs (ENA) was created to develop and offer stablecoins
Expansionable and stable, which solves the problems posed by traditional stablecoins.
THAT OFTEN RELY ON ASSET BACKUPS OR ALGORITHMS TO MAINTAIN PRICE STABILITY.

_{Total supply/limit or unlimited:}

The total supply of Ethena (ENA) is 15,000,000,000 tokens.

_{Supply Deflation:}

According to the information currently available, Ethena Labs (ENA) does not have a token burning mechanism as part of the token supply management.

_Source: 

https://docs.ethena.fi/

https://www.siambitcoin.com/

https://www.coingecko.com/th/coin/ethena

https://coinmarketcap.com/

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