Bitget lists Ethena (ENA) Ethereum-based synthetic dollar protocol on Launchpool.
Victoria, Seychelles, April 1, 2024, Chainwire
The world’s best bitget cryptocurrency exchange and Web3 companies announced the listing of the Ethena (ENA) token, the governance token of Ethena, the protocol for the synthetic cryptocurrency Native Dollar. Tokens are available on Launchpool where users can generate ENA by staking BGB and USDT.
Ethena, a synthetic dollar protocol built on top of Ethereum, provides cryptocurrency-based funding solutions without relying on traditional banking system infrastructure. Ethena’s synthetic dollar, called USDe, is the first censorship-resistant, scalable, and stable dollar achieved through delta-hedging staked Ethereum collateral. USDe is fully supported on-chain and is free to configure across DeFi. USDe peg stability is guaranteed using delta hedging derivative positions against protocol holdings.
At launch, Ethena users will be able to access external AMM pools to acquire or sell USDe as collateral for stablecoins such as USDT or USDC. The mechanism supporting USDe will enable the first “Internet Bond” to sit alongside synthetic dollars, creating a dollar-denominated savings vehicle with staked Ethereum returns and crypto-based returns derived from permanently usable funds and basis spreads. provide. And the futures market.
Bitget Launchpool allows users to stake and earn tokens under user-friendly terms and conditions. By staking BGB or other coins to Launchpool, users have the opportunity to access free airdrops, returns, and significant prize pools. Estimated ROI can be viewed on the Launchpool page and Bitget Wallet allows flexible withdrawal of staked assets into the wider DeFi ecosystem.
Bitget has continued to expand its market share in both spot and derivatives trading between centralized exchanges. Focused on providing users with the opportunity to invest in popular and valuable projects, the platform currently offers spot trading of the top 10 cryptocurrencies with over 700 coins and over 800 pairs, including tokens from the popular DeFi sector. This is one of the platforms. In 2023 alone, the platform added over 350 new listings, further diversifying the investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and over 250,000 tokens. Bitget Swap, an on-chain transaction feature, enables cross-chain transactions between approximately 30 mainnets.
To join the Ethena Launchpool, visit https://www.bitget.com/support/articles/12560603807489.
Introduction to BitGet
Established in 2018, bitget It’s the best in the world cryptocurrency exchange And Web3 company. Serving more than 25 million users in more than 100 countries and regions, Bitget exchange is committed to helping users trade smarter through pioneering copy trading features and other trading solutions. Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain crypto wallet that offers a variety of comprehensive Web3 solutions and features, including wallet functionality, swaps, NFT marketplace, DApp browser, and more. Bitget inspires individuals to embrace cryptocurrency through collaborations with trusted partners, including legendary Argentine soccer player Lionel Messi and official esports event organizer PGL.
For more information, please visit:
contact
bitget
PR Team
(email protected)