02 Apr Bitfinex Amongst First to Record Ethena Labs’ ENA Token
ROAD TOWN, British Virgin Islands – March 29, 2024 – Bitfinex (https://www.bitfinex.com/), a premier digital asset buying and selling platform, introduced in the present day they are going to be among the many first exchanges to listing ENA, the native token of Ethena Labs. Ethena is an Ethereum-based protocol that gives a crypto-native resolution for cash not reliant on conventional banking system infrastructure, alongside a globally accessible dollar-denominated financial savings instrument – the ‘Web Bond’.
Ethena Labs is a decentralised finance (DeFi) protocol aiming to redefine the panorama of decentralised finance. On the core of their ecosystem is the ENA token, their native cryptocurrency. Ethena Labs has not too long ago initiated a big airdrop of 750 million ENA tokens, reinforcing their dedication to group engagement and rewarding buyer participation in DeFi initiatives.
The ENA token serves a number of pivotal roles throughout the Ethena ecosystem. Primarily it capabilities as a governance token, granting holders the ability to take part in decision-making processes that form the way forward for the protocol. Moreover, the ENA token performs a vital function in incentivising and facilitating ecosystem progress and growth, making certain the sustainability and vitality of the DeFi platform.
“Ethena’s forward-thinking options like ENA and the ‘Web Bond’ play an enormous function within the evolution of the DeFi area. We’re happy so as to add ENA to our numerous slate of token choices,” mentioned Henry Little one, Head of Tokens at Bitfinex.
Deposits of ENA are anticipated to open at roughly 08:30 AM UTC on April 02, 2024, topic to community situations. Buying and selling is anticipated to begin at roughly 12:00 PM UTC on April 02, 2024, contingent upon liquidity necessities being met. ENA will likely be tradable in opposition to US {Dollars} (ENA/USD) and Tether tokens (ENA/USDt).
To acquire entry to ENA on Bitfinex, clients can go to https://www.bitfinex.com/.
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