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Ethena is a decentralized stablecoin project on Ethereum that offers solutions to the challenges faced by stablecoins by not relying on traditional banking systems. Utilizing a delta-hedging strategy, Ethena introduces USDe, a transparently collateralized stablecoin aimed at flexibility in DeFi. The project also presents the Internet Bond, a blockchain-based USD savings tool combining profits from Liquid Staking Tokens and derivatives markets, marking a significant step in providing global financial solutions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/adce39b09c8d44ef9393d731e0fa660a.png" />Delta-Hedging, a strategy to eliminate price volatility and generate income from non-trending markets, serves as Ethena&#39;s foundation, allowing users to profit from IDOs, Airdrops, and Staking without price risk.USDe by Ethena addresses key issues such as the dependency of stablecoins on traditional financial systems and the lack of USD savings tools for those without access. Ethena ensures stability through neutral short positions and resists censorship by utilizing collateral on decentralized platforms.USDe&#39;s highlights include on-chain security, connections to major liquidity venues without liquidation risk, and user control. Its operational model relies on issuing USDe through LST and opening short positions against price volatility. Users can also stake USDe to receive sUSDe and profits from staking rewards.Ethena was launched through Binance Launchpool, allowing users to stake BNB or FDUSD to farm ENA tokens, later listed on the Binance exchange, demonstrating potential collaboration and acceptance within the crypto community.

What is Ethena (ENA)? Decentralized stablecoin issuance solution on Ethereum

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