ENA Rises 15% as Ethena Labs Increases Staking Rewards
ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of “season 2,” which includes a 50% increase in rewards for some users. Source link
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ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of “season 2,” which includes a 50% increase in rewards for some users. Source link
If you have the money printer – as is the case for many of the blockchain projects with the power to create their own digital tokens – why wouldn’t you use it? PLUS: Vitalik Buterin riffs on meme coin and Ethereum’s new “blob market.” Source link
The USDe token, which is referred to as a “synthetic dollar,” offers yields to investors by pairing ether liquid staking tokens with short ether (ETH) perpetual futures position in the derivatives market to maintain a “rough target” of $1 price. Source link
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The price surge implied that the token could debut with a market cap of over $500 million. Source link
Ethena’s USDe token, often referred to as “synthetic dollar,” offers steady yields to investors by using ether (ETH) liquid staking tokens such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep a “rough target” of $1 price. This is also known […]
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks. Source link
Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. Source link
A press release circulated by public relations firm Wachsman, slated for publication Friday morning, said that Ethena raised $14 million from Dragonfly, Brevan Howard Digital, Avon Ventures (an affiliate of Fidelity Investment’s parent company), Franklin Templeton, PayPal Ventures, Maelstrom (the family office BitMex founder Arthur Hayes) and some major derivative exchange including Binance, Bybit, OKX, […]