Underlying asset
sENA
Issued by Ethena. The facts below were checked on the date shown, from the sources listed.
sENA is issued by Ethena. What stands behind it: rewards paid on a staked governance token. It is valued in ENA, not in dollars. It is redeemed after a cooldown.
Facts
- Issuer
- Ethena
- What stands behind it
- rewards paid on a staked governance token
- Strategy
- not found in a source that meets the standard
- Valued in
- ENA
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- code on chain
- Redemption
- redeems after a cooldown
- Who can change it
- a timelock · 24 h delay · the same timelock that governs sUSDe 0xe8dc0fab349ea169283c48ccfd09d797e6db7c94 (Ethereum)
a multisig (Safe) · 5 of 10 signatures · can replace the code with no delay 0x3b0aaf6e6fcd4a7ceef8c92c32dfea9e64dc1862 (Ethereum) - Audits
- Pashov, 2024-09
Also named by the issuer, without a linked report: Zellic, Quantstamp, Spearbit, Code4rena, Chaos Labs, Cyfrin - Bug bounty
- up to $3,000,000 on Immunefi
- Depends on
- none recorded
Other assets from the same issuer: sUSDe - Chains
- Ethereum
- Checked
- 2026-10-01, partly from sources other than the issuer, listed below
- Sources
- https://docs.ethena.fi/overview/ena
https://docs.ethena.fi/resources/audits
https://immunefi.com/bug-bounty/ethena/
Pendle markets on it
No live Pendle market on this asset as of 6 Oct 2026.
Not found
What the research has not answered for this asset, said rather than left blank.
- How long redemption takes at worst.
- Which strategy produces the yield.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.