Ethena Info
Explore Ethena's $ENA Tokenomics: Powering USDe, the first decentralized, yield-bearing stablecoin backed by Ethereum's delta-neutral stETH positions.
- Ticker
- $ENA
- Listing Price
- $0.3
- Total Supply
- 15,000,000,000
- Niche
- Blockchain
- RWA
- TGE Date
- 2024-04-02
- Website
- https://www....hena.fi
Tokenomics
Audited
Information
Tokenomics Rating
- Rank
- #984
- Percentile
- Top 67%
Tokenomics Information
Allocation Distribution
- Category Score
- 42.12out of 100
- Percentile
- Top 79%
Allocation Distribution Indicators
Distribution Fairness
Distribution Fairness Benchmarks
Deviation from Best Performers
- Category Score
- —out of 100
- Percentile
- —
Governance Indicators
Token Power
- Category Score
- 80.71out of 100
- Percentile
- Top 14%
Inflation Indicators
Emission Type
Inflation YoY
- Category Score
- 57.8out of 100
- Percentile
- Top 43%
Supply Shock Indicators
Emission Type
Monthly Supply Shocks
- Category Score
- 45.53out of 100
- Percentile
- Top 37%
Risk of Dilution Indicators
Circulating Token Supply (YoY)
Vesting Release Schedule
- Category Score
- 58.77out of 100
- Percentile
- Top 81%
Terms and Conditions Indicators
Investor Round Details
- Category Score
- 24.77out of 100
- Percentile
- Top 95%
Valuation Indicators
Valuation Comparison
Investor FDV vs VDV
VDV Valuation Model
- Category Score
- 99.92out of 100
- Percentile
- Top 26%
Break Even Indicators
Break-Even Analysis Chart
About Ethena
Ethena's $ENA Tokenomics underpins a revolutionary approach to decentralized finance (DeFi) by supporting USDe, the first crypto-native, yield-bearing stablecoin. Built on a foundation of delta-neutral hedging strategies, Ethena leverages Ethereum's innovative derivative infrastructure to create a scalable and stable digital asset ecosystem. Users can deposit USD, Ethereum, or liquid staking tokens as collateral to mint USDe, with stability maintained through carefully hedged positions on both centralized and decentralized exchanges. Through its delta-neutral collateralization mechanism, collateral is securely distributed into onchain custodial wallets, with corresponding short positions taken to mitigate market volatility. This strategic approach ensures that USDe remains stable while providing returns sourced from Ethereum staking yields and futures market activity. Unlike traditional stablecoins, USDe is decentralized, scalable, and dynamically connected to Ethereum's economic performance. The $ENA token is at the core of Ethena's ecosystem, designed to incentivize platform participation, governance, and operational liquidity. Ethena positions itself as a futuristic financial backbone of the crypto industry by transforming Ethereum into the "Global Internet Bond" via its innovative approach to derivatives. Utilizing stETH (staked Ether), Ethena opens the door to secure yet yield-generating stablecoin solutions, empowering users to engage in DeFi with confidence. Ethena's smart collateralization processes, seamless integration with Ethereum, and a robust decentralized approach set it apart in the DeFi market. By combining yield generation, stability, and scalability, Ethena's $ENA and USDe redefine the potential of crypto assets, showcasing Ethereum’s capability as a global financial infrastructure. Discover more about Ethena and its groundbreaking tokenomics at [https://www.ethena.fi/](https://www.ethena.fi/).