Ethena


Markets

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good News

The protocol faced a challenging environment as yields from arbitraging bitcoin and ether funding rates tumbled to near-zero. Even so, its USDe token held steady to its $1 peg.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Finance

BlackRock's $500M Tokenized Fund Pitches for Ethena's RWA Investment Plan; ENA Rallies 22%

Ethena's proposal to allocate funds to tokenized real-world assets for yield follows similar actions by crypto lender MakerDAO and Ethereum layer-2 Arbitrum's development organization.

(Jim Henderson, modified by CoinDesk)

Markets

Ethena's ENA Jumps 8% as Bybit Endorses USDe Token as Collateral for Derivatives Trading

Ethena's USDe tokenized yield strategy has attracted over $2 billion in deposits and some scrutiny of the token's risks.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Videos

Why USDe Holders Should Monitor Ethena's Reserve Fund

CryptoQuant warns that USDe holders should monitor Ethena's reserve fund to avoid risk. In the event of negative funding rates, the firm says Ethena's current reserve fund would only be sustainable if USDe's market cap was below $4 billion. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Recent Videos

Finance

USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns

CryptoQuant also said that Ethena's keep rate should remain above 32% in the event of a bear market.

Ethena Labs' keep rate (CryptoQuant)

Finance

Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra

"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.

Ethena's total value locked surged 12-fold in 60 days. (DefiLlama)

Finance

ENA Rises 15% as Ethena Labs Increases Staking Rewards

The initial lock cap has been set at $200 million and will be adjusted to increase over time.

(Autumn_ schroe/Unsplash)

Tech

The Protocol: Using the Money Printer

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."

Printer

Markets

Ethena Labs' ENA Token Goes Live, Starts Trading at 64 Cents

Ethena has invited holders of USDe to claim their share of the airdrop of 750 million ENA tokens, equating to 5% of the total supply

Ethena's governance token ENA (Ethena Labs)

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