Preface
I was hurt too badly by luna and some stablecoin mining before, so I didn’t participate when I saw @ethena_labs’ annualized rate of return of more than 20%.
The result is now on @binance’s #Launchpool, and it’s time to add some analysis: the current project income is also good, and the prospects are relatively promising.
#内容挖矿 #Meme #新币挖矿 #大盘走势
1. Project introduction
Ethena Labs is the creator of $sUSDe, a synthetic U.S. dollar protocol based on Ethereum. This initiative addresses the need in the crypto-native space for a stable, scalable form of money that is not dependent on the traditional banking system.
2. Sources of income
If you are afraid of high returns, you can pass. I carefully studied the sources of project income. In the current market conditions, the source of income is stable and reliable.
USDe staking users can share the double income from the mortgage assets.
It is a stable income from spot long pledge. Ethena Labs supports staking spot ETH through liquidity staking derivative protocols such as Lido, thereby earning 3% - 5% annualized returns.
It is the unstable income from the futures short funding rate. Users who are familiar with contracts all understand the concept of funding rate. Although the funding rate is an unstable factor, for short positions, in the long run, the funding rate is positive most of the time, which also means that the overall profit will be positive.
The combination of the two returns achieves a substantial yield for USDe. Official data shows that the Ethena Labs protocol yield rate and the yield rate of sUSDe (USDe pledged certificate token) have performed quite amazingly in the past two months. The highest protocol yield rate once touched 58.9% and the lowest rate was 10.99%; the highest rate of sUSDe once hit 58.9%. 87.55%, the lowest is 17.43%.
Currently, the real-time yield of sUSDe is 35.4%. This profit is very attractive
3. Token analysis
The total number of tokens is 15 billion, with an initial circulation of 1.425 billion. Through the release curve, we can roughly get: By January 25, the initial circulation will be less than 3 billion, and there will be very little inflation within a year.
The estimated opening price is around 0.5-1u, and the initial circulation market value is approximately 700-140 million.
4. Participate in launchpool
The mining activity just started this morning and lasts for three days. It will end at 8 a.m. on April 1st. You can seize the time to participate.
Participation link: https://launchpad.binance.com/zh-CN/launchpool/ENA_BNB…
The rules of participation are shown in the figure:
in conclusion
1. Hurry up and participate: https://accounts.binance.com/zh-CN/register?ref=TXO42R9E…
2. You may not understand the professional financial model gameplay such as income, but you believe in the vision and investment ability of Binance’s online projects