#CreatorPad $ENA (Ethena) is a decentralized synthetic dollar protocol built on Ethereum, designed to offer a crypto-native alternative to traditional stablecoins. Unlike USDT or USDC, Ethena’s sUSD is not backed by fiat but uses a delta-neutral strategy combining staked Ethereum and short perpetual positions to maintain price stability. This approach helps it remain censorship-resistant while offering yield to holders. $ENA, the protocol’s governance token, allows users to participate in decision-making and captures value generated by the system. Ethena has gained rapid adoption due to its unique design, high yields, and resilience in volatile markets. As DeFi evolves, $ENA positions itself as a pivotal player in reshaping stablecoin economics and expanding access to decentralized financial infrastructure.