April 2 Bitfinex was the first to list Ethena Labs’ ENA token.
Road Town, British Virgin Islands – March 29, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list ENA Labs’ native token, ENA. Ethena is an Ethereum-based protocol that provides cryptocurrency-based funding solutions that do not rely on traditional banking system infrastructure, along with ‘internet bonds’, a globally accessible dollar-denominated savings vehicle.
Ethena Labs is a decentralized finance (DeFi) protocol that aims to redefine the landscape of decentralized finance. At the core of the ecosystem is the native cryptocurrency, the ENA token. Ethena Labs recently began airdropping 750 million ENA tokens to reinforce its commitment to community engagement and reward customer participation in DeFi initiatives.
ENA tokens play several pivotal roles within the Ethena ecosystem. It primarily serves as a governance token, giving holders the power to participate in decision-making processes that shape the future of the protocol. ENA tokens also play an important role in ensuring the sustainability and vitality of DeFi platforms by encouraging and promoting ecosystem growth and development.
“Ethena’s forward-thinking solutions such as ENA and ‘Internet Bonds’ play a huge role in the evolution of the DeFi space. We are excited to add ENA to our diverse list of token offerings.” said Henry Child, Head of Tokens at Bitfinex.
ENA deposits are scheduled to open at approximately 8:30 AM (UTC) on April 2, 2024, subject to network conditions. Trading is expected to commence at approximately 12:00 PM UTC on April 2, 2024, subject to meeting liquidity requirements. ENA can be traded against US dollars (ENA/USD) and Tether tokens (ENA/USDt).
To access ENA on Bitfinex, customers visit https://www.bitfinex.com/.
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