Coinstore Lists ENA/USDT Trading Pair

Fellow Coinstorers,

Coinstore will list ENA (Ethena) and open ENA/USDT trading pair.

Details are as follows：

Total Issue supply: 15,000,000,000

Total circulation supply: 15,000,000,000

Official Website: https://www.ethena.fi/   

White Paper link: https://ethena-labs.gitbook.io/ethena-labs

Blockchain Explorer: https://etherscan.io/token/0x57e114B691Db790C35207b2e685D4A43181e6061

Introduction: 

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.

Ethena's synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi.

USDe peg stability is ensured through the use of delta hedging derivatives positions against  protocol-held collateral.

The 'Internet Bond' will combine yield derived from staked Ethereum as well as the funding & basis spread from perpetual and futures' markets, to create the first onchain crypto-native 'bond' that can function as a dollar-denominated savings instrument for users in permitted jurisdictions.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

Coinstore Team

2 Apr, 2024

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