Trade Ethena (ENA) perpetuals
Ethena (ENA) is trading at $0.0900, +1.38% over the last 24 hours.
What is Ethena (ENA)?
ENA is the governance token of Ethena, a DeFi protocol that issues USDe, a synthetic dollar backed by crypto collateral and offsetting short futures positions (delta-hedging) rather than bank deposits. ENA holders vote on risk parameters and protocol decisions.
How do I trade Ethena on Bloxwap?
To trade Ethena (ENA) on Bloxwap, open the app or website and sign in — Bloxwap is non-custodial, so you trade from your own wallet with no signup. Fund your account instantly with Cash App, Bitcoin, a debit card, or an on-ramp; deposits arrive as USDC and sends are gasless. Open the ENA market, set your position size and leverage (up to 10×), then tap up to go long if you expect Ethena to rise, or tap down to short it if you expect it to fall. Bloxwap charges a 0.05% fee per side (0.025% for $BLOXWAP Genesis members), and every position opens, settles, and closes on-chain through Hyperliquid. You can close in one tap, anytime.
Frequently asked questions about Ethena
- What is the maximum leverage for Ethena on Bloxwap?
- Ethena (ENA) can be traded with leverage up to 10× on Bloxwap. Higher leverage amplifies both gains and losses and moves your liquidation price closer, so size positions carefully.
- What are the fees for trading Ethena on Bloxwap?
- Bloxwap charges a 0.05% (5 bps) fee per side to trade Ethena (ENA), reduced to 0.025% for $BLOXWAP Genesis members. Hyperliquid's standard 0.045% taker fee also applies per side. Deposits are free and sends are gasless.
- What is Ethena?
- Ethena is a DeFi protocol that issues USDe, a synthetic dollar backed by crypto collateral and offsetting short futures positions. ENA is its governance token.
- What does ENA do?
- ENA holders govern the protocol, voting on risk parameters and other decisions about USDe and Ethena's products.
- How does USDe stay stable?
- USDe uses a delta-neutral strategy — long crypto collateral offset by short futures — rather than relying on bank deposits.
Markets related to Ethena on Bloxwap