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What is Ena & how does it work?

The idea behind the protocol is to address the need for a stable, scalable form of money within the crypto-native space, without relying on traditional banking systems. ENA is Ethena’s native utility token and is used for governance on the platform. Holders can use the ENA tokens to vote on the protocol's governance decisions.

What is Ena token & how does it work?

Ethena introduced the ENA token to strengthen its system of decentralized governance. Owners of Ethena's USDe, the digital money developed by the platform, are in line to be granted an airdrop that includes 750 million ENA tokens, amounting to 5% of the total tokens available. What is the Circulating Supply of ENA?

How many ENA coins are circulating?

It has a circulating supply of 1,806,250,000 ENA coins If you consent, we and our 848 partners can store and access personal information on your device to provide a more personalised browsing experience. This is accomplished through processing personal data collected from browsing data stored in cookies.

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