Ethena Labs has recently made headlines by enhancing its user rewards, offering a 50% increase, which has led to a notable 14% surge in the value of its native token, ENA (CRYPTO:ENA).

This strategic move is part of the platform's broader initiative to deepen its footprint in the DeFi (Decentralized Finance) sector.

By introducing a Bitcoin (CRYPTO:BTC) yield strategy and partnering with Frax Finance, Ethena aims to substantially expand its DeFi liquidity.

This update signifies a significant step forward for Ethena Labs, promising its users more value and engaging more deeply with the evolving DeFi landscape.