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

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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

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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