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Ethena emerges as a solution to a pressing need within the cryptocurrency sphere, aiming to address a fundamental requirement in the DeFi landscape. With the objective of establishing a parallel financial system, Ethena has secured a total of $20.50 million in funding across three rounds, with its latest funding round on Feb 16, 2024, being a Strategic round. The project boasts backing from prominent investors such as Dragonfly Capital, Binance Labs, OKX Ventures, Nascent, and more.
Ethena's synthetic dollar, USDe, stands as a pioneering solution, offering a censorship-resistant, scalable, and stable crypto-native monetary system. This achievement is made possible through delta-hedging staked Ethereum collateral. Anticipation runs high for Ethena's imminent launch, especially with the introduction of Launchpools on various exchanges. Notably, Bitget is hosting an ongoing Launchpool for Ethena, providing users with the opportunity to farm ENA effortlessly by staking BGB and/or USDe.
Ethena's synthetic dollar, USDe, stands as a pioneering solution, offering a censorship-resistant, scalable, and stable crypto-native monetary system. This achievement is made possible through delta-hedging staked Ethereum collateral. Anticipation runs high for Ethena's imminent launch, especially with the introduction of Launchpools on various exchanges. Notably, Bitget is hosting an ongoing Launchpool for Ethena, providing users with the opportunity to farm ENA effortlessly by staking BGB and/or USDe.
