Bitget lists Ethena (ENA) Ethereum-based Synthetic Dollar Protocol on Launchpool
Press release
Victoria, Seychelles, April 1st, 2024 – Bitget, the world's leading
cryptocurrency exchange and Web3 company, has announced the listing of Ethena (ENA) token, the governance token for Ethena, which is the protocol for the synthetic crypto-native dollar. The token is available on Launchpool, where users can stake BGB and
USDT to farm ENA.
As a synthetic dollar protocol built on Ethereum, Ethena provides a crypto-native solution for money without relying on traditional banking system infrastructure. Ethena's synthetic dollar called USDe is the first censorship resistant, scalable and stable achieved by delta-hedging staked Ethereum collateral. USDe is fully backed transparently onchain and free to compose throughout DeFi. USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral.
On release, Ethena's users will be able to access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC. The mechanism backing USDe will enable the first "Internet Bond" that will sit alongside the synthetic dollar, offering a crypto-native, yield-bearing, dollar-denominated savings instrument, derived from staked Ethereum returns and the funding and basis spread available in perpetual and
futures markets.
Bitget Launchpool enables users to stake and earn tokens with user-friendly terms and conditions. By staking BGB or other coins into the Launchpool, users have the chance to earn free airdrops, earnings, and access to a substantial prize pool. The estimated ROI is available for viewing on the Launchpool page with the flexibility to withdraw staked assets into the broader DeFi ecosystem with Bitget Wallet.
Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform is now one of the top 10
crypto Spot trading platforms with over 700 coins and 800 pairs, including tokens from trending DeFi sectors. In 2023 alone, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-
chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets.
To participate in Ethena Launchpool, visit
here.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and official eSports events organizer PGL. For more information, visit:
Website |
Twitter |
Telegram |
LinkedIn |
Discord |
Bitget Wallet For media inquiries, please contact:
media@bitget.com
2024-04-01
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up nowRecommended
- Press releaseBitget's October Report Highlights Growth, and Innovation Prior to Market Surge Victoria, Seychelles, 28th November 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, achieved significant milestones in October, marking advancements in market expansion, user growth, and product innovation. Key developments included a strategic leadership appointment, the unveiling of new tools, and increased engagement in emerging markets. Min Lin, previously with Binance, joined as Chief Business Officer, bringing extensive experience in region2024-11-28
- Press releaseBitget Launches Tomarket Points (TOMA) in Pre-Market Trading Victoria, Seychelles, November 28, 2024 – Bitget, a leading cryptocurrency exchange and Web3 company, is excited to announce the launch of Tomarket Points (TOMA) in its Pre-Market Trading platform, offering users exclusive access to trade TOMA ahead of its official listing. This move further reinforces Bitget’s role as a premier platform for early-stage token opportunities and innovative trading features. Tomarket is a decentralized marketplace designed to address the growing demand for trading2024-11-28
- Press releaseBitget's November 2023 Report: Surpassing Expectations with 82% Surge in Spot Trading Victoria, Seychelles Dec 12 2023 - Bitget, the world's leading cryptocurrency exchange and Web3 company, announced the Monthly Report of November 2023 today. In a crypto landscape recovering from a year of turbulence and tightening regulations, Bitget showcased remarkable resilience and growth throughout November 2023. This month marked the first anniversary of market challenges, yet both Bitcoin and altcoins experienced consistent upward trends. Bitcoin surged 130% from its 22023-12-12
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowBecome a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now