Ethena operates by backing its synthetic stablecoin (USDe) with a delta-neutral strategy using staked Ethereum and perpetual futures contracts. This design helps maintain price stability without relying on traditional banks or fiat reserves.

Yes—Ethena issues USDe, a synthetic stablecoin that aims to maintain a 1:1 peg to the US dollar using on-chain collateral and hedging mechanisms. However, it differs from fiat-backed stablecoins like USDT or USDC in structure and risk profile.

Ethena uses smart contracts and risk-managed strategies, but as with all DeFi protocols, it carries inherent risk. Users should research the platform’s design, smart contract audits, and market conditions before interacting with it.

You can buy Ethena (ENA) on Digital Surge, a registered crypto exchange in Australia. Simply create an account, verify your ID, deposit AUD, and search for ENA to place an order.

Yes. Digital Surge offers staking on selected assets directly through the platform, allowing users to earn passive rewards while holding supported coins. Check the staking section for availability and rates.

To buy crypto in Australia, register with a regulated exchange like Digital Surge, complete identity verification, deposit AUD using PayID or bank transfer, and place an order for your chosen asset.

Yes. Cryptocurrency is legal and regulated in Australia under AUSTRAC. Buying, selling, and holding crypto is permitted, provided you use registered platforms and comply with local tax laws.

You can withdraw funds by first selling your crypto on a platform like Digital Surge, then transferring the resulting AUD to your linked Australian bank account via fast, secure methods.

The best exchange depends on your needs, but key features to look for include AUSTRAC registration, low fees, fast AUD transfers, and a user-friendly interface. Digital Surge ticks all these boxes, offering access to 300+ assets, including Ethena.