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What can you do with Ethena?
Store/Hold Ethena
Many users hold on to their Ethena with the expectation of it increasing in value. You can store your ENA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Ethena
You can trade Ethena for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ethena trading to meet your needs.
Send Ethena
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ethena online and send to anyone and anywhere with their Ethena address.
Spend Ethena
You can also buy goods and services with your Ethena. More and more vendors and retailers accept Ethena every day.
Donate Ethena
Bitget Charity accepts Ethena donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ethena so no one misses out on the growth made possible by blockchain.
Learn More About Ethena
You can read more in-depth articles on Ethena from Bitget Research and study how cryptocurrencies like Ethena work on Bitget Academy
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What is Ethena (ENA)?
Ethena is a protocol that operates on the Ethereum blockchain and offers a crypto-based alternative to traditional banking infrastructure for handling money. Additionally, it provides a globally accessible savings instrument called the "Internet Bond," denominated in dollars.
How Ethena (ENA) Works
Ethena uses a collateralized approach to issue USDe, where stETH is held as collateral at a 1:1 ratio. They also hold short positions on ETH which is a hedge to protect the collateral. When the market goes long, Ethena profits from the funding rate on their short position, which is the reward for holding options that short the market. They then pass on the yield from the funding rate and the native yield from the steth to usde holders in the form of yield.
How Many Ethena (ENA) Tokens Are in Circulation?
ENA has a total supply of 15,000,000,000. The current circulating supply of ENA is 1,425,000,000.
How to Buy Ethena (ENA)
Consider investing in Ethena (ENA)? It only takes 2 minutes to create an account on Bitget and start trading ENA.
Check out the available ENA trading pairs on Bitget!
Spot market
Ethena (ENA) Resources
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