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Ethena (ENA) is the governance token of the Ethena ecosystem, enabling holders to actively participate in the platform's decision-making processes. ENA empowers its community by granting voting rights over key protocol updates, collateral strategies, and other governance matters, ensuring a decentralized and community-driven approach to the platform’s evolution. Built on Ethereum, ENA aligns incentives between token holders and the platform, fostering long-term growth and innovation.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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