The current real-time price of ERN is $0.9560. In the past 24 hours, ERN has traded between $0.9587 and $0.9747, showing strong market activity. The all-time high of ERN is $1.12, and the all-time low is $0.8208.
From a short-term perspective, the price change of ERN over the past 1 hour is , over the past 24 hours is +0.28%, and over the past 7 days is -1.00%. These figures provide a quick overview of the latest price trends and market dynamics of ERN on LBank.+2.23%
The live price of ERN today is $0.9560, with a current market cap of $64,111.37. The 24-hour trading volume is 2K. The price of ERN to USD is updated in real time.
Before deciding whether to buy or sell ERN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ERN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ERN.
How much will ERN be worth tomorrow, next week, or next month in ? What about your ERN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ERN Price Prediction
To learn more about ERN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
optimistic-ethereum | 0xe1f0...0fa2ee  | 10,184 | 15.6% |
optimistic-ethereum | 0x8b14...86cfed | 9,734 | 14.91% |
optimistic-ethereum | 0xe432...dd8e31 | 6,273 | 9.61% |
optimistic-ethereum | 0xfff3...ec28cf | 6,135 | 9.4% |
optimistic-ethereum | 0xf31c...8bd5c5 | 2,542 | 3.89% |
Other | 30,415.15 | 46.59% |
The Ethos Reserve Note (ERN) is a decentralized, over-collateralized stablecoin native to the Ethos Reserve protocol. Unlike centralized alternatives, ERN is minted by users who provide collateral assets, such as Bitcoin, Ethereum, or liquid staking derivatives, into the protocol. It is designed to maintain a stable value relative to the US Dollar through mathematical algorithms and collateral backing rather than direct reserves held in a bank.
ERN offers several utilities within the decentralized finance ecosystem. Users can access interest-free loans by using their crypto assets as collateral. Additionally, ERN can be deposited into the protocol's Stability Pool to earn rewards or used for trading and providing liquidity across various platforms on networks like Optimism and Arbitrum.
There are two main ways to obtain ERN. First, users can mint the token by opening a Vault, also known as a Collateralized Debt Position, on the Ethos Reserve dApp by depositing supported collateral. Alternatively, ERN can be purchased directly on decentralized exchanges or through supported trading platforms like LBank.
The protocol employs three main pillars to ensure stability. First, every ERN is over-collateralized, meaning it is backed by a higher value of crypto assets than the tokens issued. Second, a redemption mechanism allows users to exchange ERN for the underlying collateral, creating arbitrage opportunities that help maintain the peg. Finally, the Stability Pool acts as a buffer to liquidate risky positions, ensuring the system remains solvent.
The Stability Pool is the protocol's primary defense mechanism. By staking ERN in this pool, users help facilitate the liquidation of risky positions. In exchange, participants earn rewards, often in the form of ecosystem tokens and liquidated collateral. The primary risk is that during periods of market volatility, a user's deposited ERN may be burned to offset debt. However, the user receives the liquidated collateral in return as compensation.
Security is a major focus for the Ethos Reserve protocol. The system has undergone smart contract audits by reputable firms like PeckShield and Omniscia. These audits are conducted to ensure the integrity of the code and protect against potential exploits. Users are encouraged to review the latest reports and monitor the collateral ratios to manage their risk effectively.
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