ENA / altcoin
Ethena
ENA
Ethena — synthetic USD protocol via delta-neutral hedge
Price · 1 year
$0.0956-75.9% · 1Y
ATH $1.52 on Apr 2024·upd. May 27
How much will you earn?
ENA
| Platform | Interest | Total |
|---|---|---|
★ OKX Earn | +0.1005 | 10.1005 |
 Bybit Earn | +0.0803 | 10.0803 |
On OKX Earn:+0.0003per day·+0.0083per month·+0.1005per year
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realised 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
Coin signals
- 📉 Price -93% below ATH. Peak: Apr 2024
- 📅 Down over the year (-72%)
All platforms for ENA
| Platform | Best | Type | Platf. risk | |
|---|---|---|---|---|
| OKX Earn | 1.0 % | flexible | B | Open |
| Bybit Earn | 0.8 % | flexible | C | Open |
What is ENA
Ethena (ENA) is the issuer of USDe, a synthetic dollar. Uses a delta-neutral position (short perpetuals + spot ETH/BTC) to maintain the peg. sUSDe earns yield from funding rates. ENA is governance + staking.
Known risks
- ⚠Funding rates can turn negative
- ⚠Counterparty risk: centralized exchanges used for hedge
- ⚠USDe depeg risk in market stress
