Not known Facts About Ethena
Not known Facts About Ethena
Blog Article
USDe minters deposit Lido’s stETH to mint a corresponding value in USDe. At the same time, Ethena opens a short posture of the exact same worth with a derivatives Trade. This results in a delta-neutral situation, where a lessen in the value of your collateral, stETH, is sort of beautifully offset by the rise in price of the short derivative place.
The cost of Ethena (ENA) is calculated in true-time by aggregating the most recent information across seventy two exchanges and 108 markets, utilizing a world quantity-weighted common formulation. Learn more about how copyright price ranges are calculated on CoinGecko.
Cointelegraph handles fintech, blockchain and Bitcoin bringing you the newest copyright information and analyses on the future of income.
The protocol's rejuvenation is pushed by elevated perpetual funding prices, with extra catalysts forward for progress.
Generalized restaking pools in partnership with Symbiotic for staked $ENA had been incorporated to add utility to $ENA, launched to supply economic safety for cross-chain transfers of USDe relying on the LayerZero DVN-dependent messaging procedure.
Remodel your Bitcoin and its wrapped variants into SolvBTC, only one, unified liquid asset for supreme flexibility and entry.
Ceffu is surely an institutional electronic asset System offering custody and liquidity solutions to safe, control, and use your copyright belongings effectively.
Symbiotic can be a generalized shared protection process enabling decentralized networks to bootstrap impressive, fully sovereign ecosystems.
sENA holders should be able to vote right on ENA tokenomics proposals and any proposals relating to ENA especially.
With the whole circulating provide of USDe swiftly surpassing $one billion, Ethena introduced the tip on the Shards campaign along with the upcoming airdrop and token technology celebration (TGE) for their governance token, ENA, on April 2.
Derive is a decentralized protocol that creates unique and programmable onchain alternatives, perpetuals, and structured merchandise.
On the other hand, when USDe is redeemed, the consumer gets stETH in equivalent benefit and the USDe is burnt. Simultaneously, a short posture of the identical price is shut. This permits USDe to keep up a stable benefit Inspite of volatility in the value of your fundamental collateral.
The FDV worth is theoretical as expanding the circulating offer of Ethena the coin could effects its market place price tag. Also based on the tokenomics, emission plan or lock-up duration of a
Ethena’s Internet Bond enables end users to get paid generate on their USDe holdings. By staking USDe, customers can lock within their money and receive staking benefits, giving a steady and safe way to avoid wasting and expand their prosperity.