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and Web3 company, has announced the listing of Ethena token, the governance token for Ethena, which is the protocol for the synthetic crypto-native dollar. The token is available on Launchpool, where users can stake BGB and USDT to farm ENA.
On release, Ethena’s users will be able to access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC. The mechanism backing USDe will enable the first “Internet Bond” that will sit alongside the synthetic dollar, offering a crypto-native, yield-bearing, dollar-denominated savings instrument, derived from staked Ethereum returns and the funding and basis spread available in perpetual and futures markets.
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