Ethena offers a unique cryptocurrency ecosystem through its synthetic dollar stablecoin protocol and governance token ENA. ENA is not only central to the governance mechanism but also directly participates in decision-making, promoting the platform's decentralization and user-driven development. Ethena's USDe stablecoin ensures asset stability and efficient capital utilization through innovative hedging strategies. Additionally, by introducing new staking assets and expanding markets, Ethena further enhances its market position, attracting broad attention and participation from global users and investors.