Lady few hours to farm Folks. Use them smart!
Ethena is a synthetic dollar protocol built on Ethereum that aims to provide a crypto-native solution for money.
Pretty bullish on it's performance after the Binance Listing.
The stablecoin USDe, backed by Ethereum, aims to be the first scalable, secure, and stable money storage solution, as per the team's statements.
In addition to offering high annual farming yields of up to 30%, Ethena also provides users with the potential for an airdrop for staking and using USDe. This overview covers how USDe works, how to purchase it, and what sets it apart from other stablecoins.
USDe users can:
🔥Use USDe as collateral like regular stablecoins (USDC, USDT);
🔥Earn a share of the company's profits;
🔥Engage in liquid staking with USDe (receiving it for staking stETH);
🔥Place the token in farming and other high-yield staking programs (up to 30%).
🔥USDe User Opportunities. Source: ethena-labs.gitbook.io
🔥USDe User Opportunities. Source: ethena-labs.gitbook.io
💪Ethena aims to create a fully decentralized stablecoin, independent of traditional institutions, protected from censorship and potential devaluation. Through derivative contracts, the company plans to turn USDe into a "digital bond" offering stable payouts to users.
You can farm Ethena currently by staking your #BNB or #FDUSD!
🔥 More information here:
https://launchpad.binance.com/en
Happy Farming