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:
[email protected]
Recommended
- Press releaseBitget Lists Zoo Adding it to Spot Trading Victoria, Seychelles, February 24th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Zoo ($ZOO). Zoo is a popular game on the messaging platform Telegram. Spot trading will begin on 25 February, 12:00 (UTC) with withdrawals available 26 February 2025, 13:00 (UTC). Launched in December 2024, Zoo is a play-to-earn game on the TON network in which users build and manage virtual zoos to earn ZOO tokens. Players earn in-game Zoo to
2025-02-24
- Press releaseBitget Introduces Bank Deposits with Callpay Integration, Enabling ZAR Access for South African Users Victoria, Seychelles, 24th February – Bitget, the leading cryptocurrency exchange and Web3 company, is pleased to announce its integration with Callpay, a trusted payment solutions provider, to offer deposit and withdrawal services in South African Rand (ZAR). This integration marks a significant step in Bitget’s mission to enhance accessibility and streamline fiat-to-crypto transactions for users in South Africa and beyond. The collaboration with C
2025-02-24
- Press releaseBitget Announces Pre-Market Trading for Memhash (MEMHASH) Victoria, Seychelles, 24st February 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has introduced Memhash (MEMHASH) to its pre-market trading platform, allowing users to engage in MEMHASHtransactions ahead of its official spot market debut. Bitget's pre-market trading platform serves as an over-the-counter marketplace, enabling buyers and sellers to negotiate and execute trades for new tokens before their official listing. This setup allows participants to secure potenti
2025-02-24