ENA - Ethena

What is Ethena (ENA)?

Ethena (ENA) is a DeFi protocol built on the Ethereum blockchain. It introduces a synthetic dollar, known as USDe, aiming to offer a stable, reliable, and scalable digital currency that is not reliant on traditional banking infrastructures. The protocol utilizes Ethereum's smart contract technology to provide various financial services within its ecosystem.

The range of financial services offered by Ethena includes staking mechanisms, delta hedging, synthetic dollar applications, and funding rate capture. Learn more

How to Deposit ENA Into Your Coinmetro Account

For all information on how to deposit ENA into your Coinmetro account, please see the following help center article: How to Deposit ETH. 

As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.

If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.

How to Withdraw ENA From Your Coinmetro Account

For all information on how to withdraw ENA from your Coinmetro account, please see the following help center article: How to Withdraw ENA.

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be cancelled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be cancelled. If there is no Cancel button visible, this, unfortunately, means the withdrawal can no longer be cancelled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.