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The Daily Hodl 2024-06-19 18:45:41

Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA

Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA

Synthetic dollar protocol developer Ethena Labs is updating the tokenomics for its native asset, ENA, in a bid to increase the token’s utility. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” The post Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA appeared first on The Daily Hodl .

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