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HomeCrypto NewsDeFi Project Ethena Labs' ENA Token Starts Trading at 64 Cents

DeFi Project Ethena Labs’ ENA Token Starts Trading at 64 Cents

The USDe token, which is referred to as a “synthetic dollar,” offers yields to investors by pairing ether liquid staking tokens with short ether (ETH) perpetual futures position in the derivatives market to maintain a “rough target” of $1 price.

www.coindesk.com

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