๐ฅ ๐๐๐ต๐ฒ๐ป๐ฎโ๐ ๐ก๐ฒ๐ ๐ฅ๐ผ๐ฎ๐ฑ๐บ๐ฎ๐ฝ ๐จ๐ป๐ถ๐๐ฒ๐ ๐๐ฒ๐๐ถ, ๐๐ฒ๐๐ถ, ๐ง๐ฟ๐ฎ๐ฑ๐๐ถ
Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi.
Its synthetic stablecoin, USDe, aims to replicate what Tetherโs USDT did in 2014 and MarkerDAO did in 2017.
๐ธ ๐๐๐ต๐ฒ๐ป๐ฎโ๐ ๐ฉ๐ถ๐๐ถ๐ผ๐ป: ๐๐ฒ๐๐ถ, ๐๐ฒ๐๐ถ, ๐ง๐ฟ๐ฎ๐ฑ๐๐ถ ๐๐ผ๐ป๐๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ฒ
According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX.
Ethena explained in its roadmap that it can provide valuable โnon-toxicโ flows to exchanges DEX and CEX by using USDe as collateral and triggering open interest. It emphasized that they act as a neutral infrastructure, which has resulted in up to $1.25 billion in protocol allocation towards USDe.
๐ฌ โAs other stable coin issuers grow and proliferate through DeFi, Ethena will expand along with them. The foundation in the futures markets is higher real yields. USDe will be the core element on which these interest rate markets will be built,โ Ethena said.
After launching its roadmap, Ethenaโs native token, ENA, soared more than 8%, rising from $0.85 to $0.93. ENA is in a bullish rally, having risen 18.22% last week and 47.24% since its launch, with a market capitalization of $1.41 billion.
