⚡️ @Ethena_labs $ENA announces the winners of the Reserve Fund #RWA $45M allocation

Ethena will invest its $46M backup fund in @BlackRock's and @Securitize's tokenized fund BUIDL, @MountainUSDM's $USDM token, @Superstatefunds's $USTB, and the new $USDS stablecoin of @SkyEcosystem. The protocol's so-called Reserve Fund will allocate roughly $18M in #BUIDL, $13M in #USDS, $8M in #USDM, and $7M in #USTB. Through this investment, Ethena will be able to earn a yield on the surplus funds accrued from protocol revenues that serve as an insurance for periods when funding rates turn negative.

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