Posted 3/31/2024, 12:00:59 AM
Binance to Support New Synthetic Dollar Protocol Ethena with Staking and Listing
- Binance Launchpool will support Ethena (ENA), a new Ethereum-based synthetic dollar protocol
- Ethena aims to provide a crypto native dollar called USDe not reliant on traditional banking
- Ethena's "Internet Bond" combines yield from staked Ethereum and futures markets into a crypto savings instrument
- BNB and FDUSD can be staked from March 30th - April 2nd to farm ENA before its listing
- Binance will list ENA on April 2nd with a volatility warning tag due to its lower liquidity
