Bitget Adds Ethena (ENA) Token, Driving Crypto-Native Dollar Innovation

Bitget, a leading cryptocurrency exchange, has announced the listing of Ethena (ENA) token on its Launchpool. Ethena is a protocol for synthetic crypto-native dollar (USDe), offering a censorship-resistant, scalable, and stable alternative to traditional banking systems. Users can stake BGB and USDT on Launchpool to earn ENA, accessing external AMM pools to acquire or sell USDe with stablecoin collateral. The listing reflects Bitget's commitment to providing users with opportunities to invest in innovative and valuable projects.

Bitget Lists Ethena (ENA) Token, Empowering Crypto-Native Dollar Innovation

Victoria, Seychelles, April 1, 2024

Bitget, a leading global cryptocurrency exchange and Web3 platform, has announced the listing of the Ethena (ENA) token, the governance token for the Ethena protocol. This listing marks a significant development in the realm of decentralized finance, providing users with access to a crypto-native synthetic dollar solution.

Ethena: A Synthetic Crypto-Native Dollar Protocol

Ethena is a pioneering synthetic dollar protocol built on the Ethereum blockchain. It addresses the limitations of traditional banking systems by providing a crypto-native solution for money, known as USDe. USDe is the first censorship-resistant, scalable, and stable synthetic dollar achieved through delta-hedging of staked Ethereum collateral.

USDe is fully backed on-chain, ensuring transparency and the ability to participate freely in DeFi ecosystems. Delta hedging derivatives positions are utilized against protocol-held collateral to maintain USDe's peg stability.

Launchpool: ENA Staking for Rewards

Bitget's Launchpool enables users to stake BGB, the platform's native token, or USDT to farm ENA tokens. This provides an opportunity to earn rewards while supporting the Ethena ecosystem.

The estimated return on investment (ROI) is displayed on the Launchpool page, offering users the flexibility to participate and withdraw their staked assets into the broader DeFi ecosystem via Bitget Wallet. This user-friendly platform empowers users to participate in token offerings and earn potential returns.

Bitget's Expansion and Commitment to Innovation

Bitget has consistently expanded its market share in both spot and derivatives trading, solidifying its position as a top 10 crypto spot trading platform. The exchange offers a comprehensive suite of over 700 coins and 800 pairs, including tokens from thriving DeFi sectors.

Bitget's commitment to providing users access to innovative and valuable projects is evident in its addition of over 350 new listings in 2023 alone. Bitget Wallet, formerly known as BitKeep, supports over 100 mainnets and 250,000 tokens, enabling users to engage with a wide range of blockchain protocols.

The Potential of Crypto-Native Dollar Innovation

The listing of ENA on Bitget marks an important milestone in the evolution of decentralized finance. Ethena's synthetic dollar, USDe, provides a solution for a stable and scalable crypto-native dollar, enabling novel financial instruments and applications.

The integration of USDe into Bitget's platform opens up new possibilities for users, empowering them to participate in the growing ecosystem of synthetic assets, decentralized lending, and yield-bearing products.

About Bitget

Founded in 2018, Bitget is a renowned global cryptocurrency exchange and Web3 company. With a user base of over 25 million in more than 100 countries and regions, Bitget is committed to empowering individuals with innovative trading solutions.

Bitget Wallet, a leading multi-chain crypto wallet, offers a comprehensive suite of Web3 solutions, including wallet functionality, token swap, NFT marketplace, DApp browser, and more. Bitget continuously collaborates with industry leaders, including legendary footballer Lionel Messi and PGL, to promote crypto adoption and innovation.

For further information, visit:

• Website: https://bitget.com/
• Twitter: https://twitter.com/bitgetglobal
• Telegram: https://t.me/bitgetEN
• LinkedIn: https://www.linkedin.com/company/bitgetglobal
• Discord: https://discord.gg/bitget
• Bitget Wallet: https://bitkeep.com/