Will Ethena crash like UST? I don’t think so
Ethena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
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Ethena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
Ethena Labs must bolster its reserve fund to safeguard against potential financial pressures in volatile market conditions.
USDe developed by the Ethena team is a synthetic dollar based on Ethereum that uses a Delta Hedging strategy to hedge against market volatility risks and achieve efficient use of funds.
Ethena Labs' USDe stablecoin faces scrutiny amid comparisons to Terra's troubled history, prompting reflection on risk management strategies.
MakerDAO recently proposed to allocate $600 million of DAI to USDe and sUSDe. How to understand MakerDAO's move? Crypto KOL Duo Nine published an article to explain.
Ethena was launched on Binance on April 2 and performed well, attracting widespread attention in the cryptocurrency market. Among them, Arthur Hayes, an early investor, cheered for it on social media, further highlighting its potential influence in the market.
Ethena Labs rises as fifth-largest stablecoin issuer with ENA token launch, achieving $1 billion market cap. Successful Shard Campaign leads to ENA distribution and listing on major exchanges. Season 2 introduces Bitcoin collateral and partnerships with MakerDAO, Pendle Finance, Mantle Network, and Eigenlayer. Ethena aims to bolster DeFi ecosystem, signaling prominence in crypto landscape.
Ethena Labs announces ENA token airdrop on April 2, marking a milestone in decentralization journey. 750 ENA tokens to be distributed to community, with eligibility based on shard accumulation. Vesting schedule for top wallets outlined. Aims to foster community engagement and growth.
On February 16, Ethena Labs, the developer of Ethereum-based stablecoin USDe, completed a US$14 million strategic round of financing at a valuation of US$300 million.
Bybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.