Backpack lists $ENA (Ethena)

$ENA is the primary utility token for the Ethena platform, an Ethereum based stablecoin project whose USDe is pegged to the US dollar. Users stake USDe with Ethena and earn a healthy APY in return.

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$ENA token holders participate in Ethena governance voting on topics such as risk management framework, partnerships and technical integrations. Just under 20% of the total token supply has entered the market since launching in Q2 2024. Mandatory vesting will foster long term growth for contributors, investors and the team through Q2 2028.

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Backpack will list the ENA token on our spot trading markets.

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• Ticker: ENA‍
• Circulating Supply: 2,937,500,000
• Total Supply: 15,000,000,000
• Contract Address: CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump

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Trading of ENA starts according to the following schedule:

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• Spot trading for ENA/USDC opens at 07:00AM UTC on November 18th, 2024

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Trade $ENA on Backpack Exchange.

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Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience in investment, and seek independent financial advice if necessary.

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Backpack Exchange

December 5th, 2024 (JST)

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