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Ethena's governance token ENA dropped 3% in 24 hours to $0.0787 even as the protocol announced a strategic partnership with $480 billion asset manager Janus Henderson, which has taken a direct investment in ENA and plans to integrate USDe into its treasury cash management operations.
What Janus Henderson Actually Agreed To The deal has three distinct components.
First, Ethena will support distribution of Janus Henderson's tokenized collateralized loan obligation funds, extending the asset manager's existing credit products onto on-chain infrastructure.
Second, Janus Henderson is making a direct investment in ENA itself.
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