Ethena Labs is the creator of USDe, a synthetic dollar protocol built on Ethereum. 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.

Currently, the total supply of ENA is 15,000,000,000 and the initial circulating supply is 1,425,000,000 (~9.5% of the total token supply). #ENA $ENA