In this episode, James Ambrose, Head of Trading Operations and Treasury Services, fills in as host to speak with Conor Ryder, Head of Research at Ethena Labs.

Together, they explore how ENA fits into Ethena’s broader ecosystem, what makes its tokenomics stand out, how it's gaining traction with institutional players, and why users might care about staking it today.From governance mechanics to real DeFi utility, this is the ENA deep dive you’ve been waiting for.