Ethena Proposes Introduction of Ethereal DEX for Spot and Perpetual Futures Trading

Quick Summary:

Ethena Proposes Introduction of Ethereal DEX for Spot and Perpetual Futures Trading The Ethena community has received an exciting governance proposal aimed at introducing Ethereal, a new decentralized exchange (DEX) designed for spot and perpetual futures trading.

The proposal offers an enticing incentive for participation: if Ethereal is approved, ENA holders will be eligible for a 15% allocation of the platform’s future governance tokens.

Spot trading allows users to trade assets instantly at the current market price, while perpetual futures trading enables the trading of contracts with no expiration date, giving traders the flexibility to speculate on asset prices over both the short and long term.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Ethena

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 08:46:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 880 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22785902

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 26 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #121

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