Coinspeaker
Binance Introduces Ethena (ENA) as 50th Launchpool Project

Binance, the world’s largest cryptocurrency exchange by market value, has announced the addition of Ethena (ENA) to its Launchpool, making the protocol the 50th project to join the program.

The announcement comes a few weeks after Binance unveiled EtherFi, a decentralized finance (DeFi) network focused on liquid staking, as the 49th project to enter the program.

Users to Start Farming ENA on Binance

Ethena is a synthetic dollar and internet-native yield platform built on the Ethereum (ETH) blockchain. Its synthetic dollar, USDe, aims to bring stability and scalability to the DeFi ecosystem.

The platform utilizes delta-hedging against Ethereum collateral to maintain USDe’s peg and introduces the ‘Internet Bond’ for yield opportunities from staking and derivatives.

Starting on March 30, 2024, users can farm Ethena’s nativ...