Binance has announced its support for a new Ethereum-based altcoin called Ethena (ENA) through its Launchpool platform. Ethena aims to provide a crypto-native solution for a synthetic dollar called USDe, which is not reliant on the traditional banking system infrastructure. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” Users can stake BNB and FDUSD into separate pools to farm ENA, with the asset being listed on April 2nd. Binance will attach a seed tag to ENA due to its potential for higher volatility, and users holding assets with seed tags will need to pass quizzes every 90 days to ensure they understand the associated risks.
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Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol
