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Insider news ๐Ÿ˜ฎ & Cryptocurrency Market Update (as of January 4, 2025): * Bitcoin (BTC): Up 1.18% at $98,002. * Ethereum (ETH): Up 3.39% at $3,639.83. * Dogecoin (DOGE): Up a surprising 7.62% at $0.3923! Memecoin Mania! Insiders made millions off a new memecoin called Focai (FOCAI) launched on Solana. They bought a huge chunk of the coins before anyone else and then sold them for a massive profit. This raises concerns about fairness in the crypto world. Aave Battles Stablecoin Drama There's a fight going on about a stablecoin called USDe. Some people want to peg its price to another stablecoin, USDT, to make it more stable. Others worry this is a bad idea. Stay tuned for more crypto news! #USDe #focai #Memecoins๐Ÿค‘๐Ÿค‘
Insider news ๐Ÿ˜ฎ
&
Cryptocurrency Market Update (as of January 4, 2025):

* Bitcoin (BTC): Up 1.18% at $98,002.
* Ethereum (ETH): Up 3.39% at $3,639.83.
* Dogecoin (DOGE): Up a surprising 7.62% at $0.3923!

Memecoin Mania!
Insiders made millions off a new memecoin called Focai (FOCAI) launched on Solana. They bought a huge chunk of the coins before anyone else and then sold them for a massive profit. This raises concerns about fairness in the crypto world.

Aave Battles Stablecoin Drama
There's a fight going on about a stablecoin called USDe. Some people want to peg its price to another stablecoin, USDT, to make it more stable. Others worry this is a bad idea.
Stay tuned for more crypto news!
#USDe #focai #Memecoins๐Ÿค‘๐Ÿค‘
๐Ÿš€ย $ENA 2025: Bigger, Bolder, and Ready to Shake Up the System! Hey, crypto fam! Letโ€™s talkย #Ethena ย โ€”the protocol that went from zero to hero in 2024 and now has its sights set on making internet money the new norm. Hereโ€™s a fun and digestible recap of what Guy Young, Ethenaโ€™s founder, just shared about their insane growth and even crazier plans for 2025. 2024 Recap: From New Kid to Power Player ๐Ÿ‘€๐Ÿ‘‡ ๐Ÿ“ˆ Big Numbers: โ–ถ๏ธย $6ย billion in #USDe supply within 10 months (yeah, billion). โ–ถ๏ธ Fastest toย $5Bย supply in crypto history. โ–ถ๏ธย $1.2B annualized revenueโ€”2nd fastest startup toย $100Mย behind onlyย ย pump.fun. โ–ถ๏ธ Highest revenue per employee in the crypto space. Fun Fact: In just weeks,ย $USDeย flippedย $USDC ย balances on Bybit. TradFi and DeFi are eating this up like their favorite meme coin. Whatโ€™s Next for 2025? ๐Ÿค”๐Ÿ’ช๐Ÿ‘‡ 1๏ธโƒฃTradFi Meets DeFi โœ… Ethena is launching iUSDe, a TradFi-ready version of USDe, for hedge funds, asset managers, and other suits to jump in without touching the crypto rollercoaster. โœ… Imagine a 20% APY dollar product going head-to-head with ETFsโ€”the TradFi big leagues are about to get spicy. 2๏ธโƒฃMacro Tailwinds โœด๏ธ Falling rates mean higher yields for Ethenaโ€™s sUSDe. โœด๏ธ With rates dropping, the allure of crypto-native returns will attract traditional finance like moths to a flame. 3๏ธโƒฃTelegram Goes Neobank: Ethenaโ€™s building a Telegram-based app for payments and savings. Think Apple Pay + sUSDe = the easiest way for 1B users to save and spend. The Bigger Vision ๐Ÿ‘€๐ŸŒค๏ธ๐Ÿ’Ž: Ethenaโ€™s not stopping with just stablecoins. Theyโ€™re crafting a DeFi ecosystem where: โ–ถ๏ธ sUSDe becomes the backbone of trading, lending, and structured products. โ–ถ๏ธ New platforms like Ethereal (a trading app) and Derive (options and structured products) innovate using Ethena as their core. ๐Ÿ’ก TL;DR: #ENA crushed 2024, and theyโ€™re gearing up to dominate TradFi, DeFi, and everything in between. So buckle upโ€”itโ€™s gonna be a wild ride! ๐Ÿš€
๐Ÿš€ย $ENA 2025: Bigger, Bolder, and Ready to Shake Up the System!

Hey, crypto fam! Letโ€™s talkย #Ethena ย โ€”the protocol that went from zero to hero in 2024 and now has its sights set on making internet money the new norm. Hereโ€™s a fun and digestible recap of what Guy Young, Ethenaโ€™s founder, just shared about their insane growth and even crazier plans for 2025.

2024 Recap: From New Kid to Power Player ๐Ÿ‘€๐Ÿ‘‡
๐Ÿ“ˆ Big Numbers:
โ–ถ๏ธย $6ย billion in #USDe supply within 10 months (yeah, billion).
โ–ถ๏ธ Fastest toย $5Bย supply in crypto history.
โ–ถ๏ธย $1.2B annualized revenueโ€”2nd fastest startup toย $100Mย behind onlyย ย pump.fun.
โ–ถ๏ธ Highest revenue per employee in the crypto space.

Fun Fact: In just weeks,ย $USDeย flippedย $USDC ย balances on Bybit. TradFi and DeFi are eating this up like their favorite meme coin.

Whatโ€™s Next for 2025? ๐Ÿค”๐Ÿ’ช๐Ÿ‘‡
1๏ธโƒฃTradFi Meets DeFi
โœ… Ethena is launching iUSDe, a TradFi-ready version of USDe, for hedge funds, asset managers, and other suits to jump in without touching the crypto rollercoaster.
โœ… Imagine a 20% APY dollar product going head-to-head with ETFsโ€”the TradFi big leagues are about to get spicy.

2๏ธโƒฃMacro Tailwinds
โœด๏ธ Falling rates mean higher yields for Ethenaโ€™s sUSDe.
โœด๏ธ With rates dropping, the allure of crypto-native returns will attract traditional finance like moths to a flame.

3๏ธโƒฃTelegram Goes Neobank: Ethenaโ€™s building a Telegram-based app for payments and savings. Think Apple Pay + sUSDe = the easiest way for 1B users to save and spend.

The Bigger Vision ๐Ÿ‘€๐ŸŒค๏ธ๐Ÿ’Ž: Ethenaโ€™s not stopping with just stablecoins. Theyโ€™re crafting a DeFi ecosystem where:
โ–ถ๏ธ sUSDe becomes the backbone of trading, lending, and structured products.
โ–ถ๏ธ New platforms like Ethereal (a trading app) and Derive (options and structured products) innovate using Ethena as their core.

๐Ÿ’ก TL;DR: #ENA crushed 2024, and theyโ€™re gearing up to dominate TradFi, DeFi, and everything in between. So buckle upโ€”itโ€™s gonna be a wild ride! ๐Ÿš€
่™ซไบŒ:
So excited ๐Ÿฅฐ
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Bullish
๐Ÿš€ $ENA Ethena Labs: Redefining Stable Money in Crypto ๐ŸŒ Ethena Labs is leading the charge in the evolution of decentralized finance with its groundbreaking USDeโ€”a synthetic dollar protocol built entirely on Ethereum. In a world that demands stability and scalability, Ethena Labs delivers a bank-free solution for the crypto-native economy. ๐ŸŒŸ Why USDe is a Game-Changer 1. Crypto-Native Stability: USDe is designed to maintain stability without relying on traditional banking systems. 2. Scalability: Built on Ethereum, USDe ensures seamless scalability for global adoption. 3. Decentralized Innovation: Ethena Labs empowers the financial system by making money trustless and accessible to everyone. $ENA ๐Ÿ’ก What Sets Ethena Labs Apart? Eliminates reliance on centralized banks. Fosters a scalable and inclusive monetary system for the crypto ecosystem. Bridges the gap between traditional finance and DeFi innovation. Ethena Labs is shaping the future of decentralized money. With USDe, they are not just creating a stablecoinโ€”theyโ€™re creating a vision for financial freedom in the digital age. $ENA {spot}(ENAUSDT) Are you ready to embrace the future of decentralized finance? #EthenaLabs #USDe #DeFi #Ethereum #CryptoInnovation
๐Ÿš€ $ENA Ethena Labs: Redefining Stable Money in Crypto ๐ŸŒ

Ethena Labs is leading the charge in the evolution of decentralized finance with its groundbreaking USDeโ€”a synthetic dollar protocol built entirely on Ethereum. In a world that demands stability and scalability, Ethena Labs delivers a bank-free solution for the crypto-native economy.

๐ŸŒŸ Why USDe is a Game-Changer

1. Crypto-Native Stability: USDe is designed to maintain stability without relying on traditional banking systems.

2. Scalability: Built on Ethereum, USDe ensures seamless scalability for global adoption.

3. Decentralized Innovation: Ethena Labs empowers the financial system by making money trustless and accessible to everyone.

$ENA

๐Ÿ’ก What Sets Ethena Labs Apart?

Eliminates reliance on centralized banks.

Fosters a scalable and inclusive monetary system for the crypto ecosystem.

Bridges the gap between traditional finance and DeFi innovation.

Ethena Labs is shaping the future of decentralized money. With USDe, they are not just creating a stablecoinโ€”theyโ€™re creating a vision for financial freedom in the digital age.
$ENA

Are you ready to embrace the future of decentralized finance?

#EthenaLabs #USDe #DeFi #Ethereum #CryptoInnovation
$ENA Ethena Labs: Redefining Stable Money in Crypto ๐ŸŒEthena Labs is revolutionizing decentralized finance with its innovative USDe, a synthetic dollar protocol built entirely on Ethereum. By offering a bank-free solution, Ethena Labs is paving the way for a more stable, scalable, and decentralized financial future. ๐ŸŒŸ Why USDe is a Game-Changer 1๏ธโƒฃ Crypto-Native Stability: Designed to maintain stability without dependence on traditional banks. 2๏ธโƒฃ Scalability: Leveraging Ethereum's infrastructure for seamless global adoption. 3๏ธโƒฃ Decentralized Innovation: Trustless and accessible to everyone, empowering the next-gen financial system. ๐Ÿ’ก What Sets Ethena Labs Apart? Eliminates reliance on centralized financial systems. Builds a scalable and inclusive monetary ecosystem for crypto users. Bridges the gap between traditional finance and cutting-edge DeFi solutions. The Future of Decentralized Money With USDe, Ethena Labs isnโ€™t just creating another stablecoinโ€”theyโ€™re shaping a vision of financial freedom for the digital age. As $ENA rises by 17.03%, itโ€™s clear Ethena Labs is becoming a key player in the DeFi space. Are you ready to embrace the future of decentralized finance? #EthenaLabs #USDe #DeFi #Ethereum #CryptoInnovation {spot}(ENAUSDT)

$ENA Ethena Labs: Redefining Stable Money in Crypto ๐ŸŒ

Ethena Labs is revolutionizing decentralized finance with its innovative USDe, a synthetic dollar protocol built entirely on Ethereum. By offering a bank-free solution, Ethena Labs is paving the way for a more stable, scalable, and decentralized financial future.
๐ŸŒŸ Why USDe is a Game-Changer
1๏ธโƒฃ Crypto-Native Stability: Designed to maintain stability without dependence on traditional banks.
2๏ธโƒฃ Scalability: Leveraging Ethereum's infrastructure for seamless global adoption.
3๏ธโƒฃ Decentralized Innovation: Trustless and accessible to everyone, empowering the next-gen financial system.
๐Ÿ’ก What Sets Ethena Labs Apart?
Eliminates reliance on centralized financial systems.
Builds a scalable and inclusive monetary ecosystem for crypto users.
Bridges the gap between traditional finance and cutting-edge DeFi solutions.
The Future of Decentralized Money
With USDe, Ethena Labs isnโ€™t just creating another stablecoinโ€”theyโ€™re shaping a vision of financial freedom for the digital age. As $ENA rises by 17.03%, itโ€™s clear Ethena Labs is becoming a key player in the DeFi space.
Are you ready to embrace the future of decentralized finance?
#EthenaLabs #USDe #DeFi #Ethereum #CryptoInnovation
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Will Ethena (ENA) be a politically conceptual coin with high growth potential? (In-depth analysis)With former U.S. President Trump winning the new election, based on his pro-cryptocurrency statements and stance before the election, the cryptocurrency market has seen a significant surge and has reached new highs. This indicates that politics deeply influences the development of the cryptocurrency market during this bull market cycle, leading to the emergence of a new category of 'political concept coins.' Coincidentally, there are two recent news items regarding Ethena (ENA): the WLFI team announced a partnership with Ethena, and Grayscale included ENA in the 2025 Q1 TOP 20 token list. This article aims to discuss the development potential of Ethena (ENA) based on these two events. 1. WLFI and Ethena Cooperation Project

Will Ethena (ENA) be a politically conceptual coin with high growth potential? (In-depth analysis)

With former U.S. President Trump winning the new election, based on his pro-cryptocurrency statements and stance before the election, the cryptocurrency market has seen a significant surge and has reached new highs. This indicates that politics deeply influences the development of the cryptocurrency market during this bull market cycle, leading to the emergence of a new category of 'political concept coins.'
Coincidentally, there are two recent news items regarding Ethena (ENA): the WLFI team announced a partnership with Ethena, and Grayscale included ENA in the 2025 Q1 TOP 20 token list. This article aims to discuss the development potential of Ethena (ENA) based on these two events.
1. WLFI and Ethena Cooperation Project
Feed-Creator-f9e10771d:
Mad cow 10u or above
$ENA Keep your coin and hold for ALT season. Buy and hold for staking is recommended while waiting the price to rise. #USDE is ethena network. If maybe wisely BTC profit buy #EnA can make it rise. {spot}(ENAUSDT) {spot}(BTCUSDT)
$ENA Keep your coin and hold for ALT season. Buy and hold for staking is recommended while waiting the price to rise. #USDE is ethena network. If maybe wisely BTC profit buy #EnA can make it rise.
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Comprehensive analysis of Ethenaโ€™s new stablecoin USDtbIn mid-December, Ethena's USDtb was officially launched. This is a new stable currency with BlackRock's "BUIDL" tokenized fund as its reserve asset. Before participating, first understand the basic information, risks, and benefits of USDtb. ! According to Ethenaโ€™s announcement published on the Mirror platform and the link page attached to the announcement, we can learn the following information: 1.Ethena hopes to use USDtb as a reserve asset (alternative asset) for USDe We know that USDe obtains funding rate income through hedging positions of spot + contract. However, in a market environment with negative funding rates, it will be difficult to obtain positive sources of income.

Comprehensive analysis of Ethenaโ€™s new stablecoin USDtb

In mid-December, Ethena's USDtb was officially launched. This is a new stable currency with BlackRock's "BUIDL" tokenized fund as its reserve asset. Before participating, first understand the basic information, risks, and benefits of USDtb. !
According to Ethenaโ€™s announcement published on the Mirror platform and the link page attached to the announcement, we can learn the following information:
1.Ethena hopes to use USDtb as a reserve asset (alternative asset) for USDe
We know that USDe obtains funding rate income through hedging positions of spot + contract. However, in a market environment with negative funding rates, it will be difficult to obtain positive sources of income.
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Bullish
$ENA ANALYSIS ๐Ÿ”ฎ๐Ÿ”Ž #ENA - #donaldtrump recently started buying this token and today they entered into a strategic partnership with ENA! #ethena is a synthetic dollar protocol built on the Ethereum Blockchain that offers a new type of stablecoin called $USDe. Unlike traditional #Stablecoins like $USDC or $USDT, #USDe is not pegged to fiat currencies. Instead, it is a synthetic dollar backed by crypto assets and short futures positions. This unique approach allows Ethena to create a censorship-resistant, scalable, and stable form of digital money. $ENA capitalization is 3.2 billion and it is relatively not much, as well as L2 solutions!๐Ÿ’ฐ {spot}(ENAUSDT)
$ENA ANALYSIS ๐Ÿ”ฎ๐Ÿ”Ž

#ENA - #donaldtrump recently started buying this token and today they entered into a strategic partnership with ENA!

#ethena is a synthetic dollar protocol built on the Ethereum Blockchain that offers a new type of stablecoin called $USDe.

Unlike traditional #Stablecoins like $USDC or $USDT, #USDe is not pegged to fiat currencies.

Instead, it is a synthetic dollar backed by crypto assets and short futures positions. This unique approach allows Ethena to create a censorship-resistant, scalable, and stable form of digital money.

$ENA capitalization is 3.2 billion and it is relatively not much, as well as L2 solutions!๐Ÿ’ฐ
Ethena USDe (#USDe ) โš ๏ธ Hold Signal (Stablecoin) ๐Ÿ’ต Current Price: $1.00 ๐Ÿ“‰ Close Position: $1.00 (no significant volatility expected) ๐Ÿ“ˆ Reason: Stablecoin โ€“ not ideal for trading. #buy_long #writetoearn #btchit100k
Ethena USDe (#USDe )

โš ๏ธ Hold Signal (Stablecoin)

๐Ÿ’ต Current Price: $1.00

๐Ÿ“‰ Close Position: $1.00 (no significant volatility expected)

๐Ÿ“ˆ Reason: Stablecoin โ€“ not ideal for trading.

#buy_long #writetoearn #btchit100k
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๐Ÿ“ˆ Digital US Dollar Supply Reaches All-Time High ๐Ÿ“ˆ The supply of USDe has reached a new all-time high of $5.821 billion, with a growth of 10.83% in the last week. This increase reflects greater activity and interest in the digital currency, driven by market dynamics and strategic moves. The record supply of USDe underscores the growing role of digital currencies in the financial ecosystem and may influence liquidity, prices, and market stability. #USDe #Criptomonedas #MercadoDigital ๐Ÿš€๐Ÿ“Š๐Ÿ”’$HBAR $KSM $INJ
๐Ÿ“ˆ Digital US Dollar Supply Reaches All-Time High ๐Ÿ“ˆ

The supply of USDe has reached a new all-time high of $5.821 billion, with a growth of 10.83% in the last week. This increase reflects greater activity and interest in the digital currency, driven by market dynamics and strategic moves. The record supply of USDe underscores the growing role of digital currencies in the financial ecosystem and may influence liquidity, prices, and market stability.

#USDe #Criptomonedas #MercadoDigital ๐Ÿš€๐Ÿ“Š๐Ÿ”’$HBAR $KSM $INJ
Ethena Labs Takes Precautions Against Potential Risks Using USDe for Derivatives Collateral Ethena has introduced a feature allowing traders to use USDe as collateral for derivatives trading. Conor Ryder, head of research at Ethena Labs, explained that they have taken the necessary precautions to mitigate potential risks. Guy Young, Ethena Labs' founder, stated that the company and its partners have implemented appropriate safeguards. Ethena collaborates with five exchanges to diversify short bets on USDe: 48% on Binance, 23% on Bybit, 20% on OKX, 5% on Deribit, and 1% on Bitget. The collateral for USDe is diversified: 50% supported by Bitcoin, 30% by Ethereum, 11% by Ethereum Liquid Tokens, and 8% by USDT. Bybit has also announced the use of USDe for derivatives trading, offering up to 20% annual interest. #EthenaLabs #usde #Derivatives #cryptotrading #Binance
Ethena Labs Takes Precautions Against Potential Risks Using USDe for Derivatives Collateral

Ethena has introduced a feature allowing traders to use USDe as collateral for derivatives trading. Conor Ryder, head of research at Ethena Labs, explained that they have taken the necessary precautions to mitigate potential risks. Guy Young, Ethena Labs' founder, stated that the company and its partners have implemented appropriate safeguards. Ethena collaborates with five exchanges to diversify short bets on USDe: 48% on Binance, 23% on Bybit, 20% on OKX, 5% on Deribit, and 1% on Bitget. The collateral for USDe is diversified: 50% supported by Bitcoin, 30% by Ethereum, 11% by Ethereum Liquid Tokens, and 8% by USDT. Bybit has also announced the use of USDe for derivatives trading, offering up to 20% annual interest.

#EthenaLabs #usde #Derivatives #cryptotrading #Binance
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Is ENA the new digital gold on the market?Why $ENA could become a new gold in the Cryptocurrency market? There are many Cryptocurrencies available and what reason would bring ENA to this comparison? Several currencies are launched all the time, but the projects do not solve such emerging problems, in the case of ENA (Ethena), there is a great project behind it, the USDE Dollar, which will possibly help solve the problems surrounding USDT (Tether ) main stablecoin, which is the target of several authorities due to alleged lack of transparency regarding its reserves (backing), exactly the solution delivered in the USDE.

Is ENA the new digital gold on the market?

Why $ENA could become a new gold in the Cryptocurrency market? There are many Cryptocurrencies available and what reason would bring ENA to this comparison?

Several currencies are launched all the time, but the projects do not solve such emerging problems, in the case of ENA (Ethena), there is a great project behind it, the USDE Dollar, which will possibly help solve the problems surrounding USDT (Tether ) main stablecoin, which is the target of several authorities due to alleged lack of transparency regarding its reserves (backing), exactly the solution delivered in the USDE.
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ENA Returns to $1 After Half a Year! Whale Movement, $5.47 Million Tokens May Trigger a Sell-off Storm? On December 13, on-chain data showed that ENA has returned to the $1 mark after half a year, but the market has seen whale movements that have raised concerns. Whale Wanyekest deposited 5.506 million ENA (worth $5.47 million) to Binance 14 hours ago. Statistics indicate that this whale has staked a total of 9.19 million USDe to Ethena over the past 9 months. Coincidentally, this is the second address suspected of a large token sell-off within 48 hours. Does this movement suggest that the market may face selling pressure in the short term? Or is it merely a strategy adjustment by the whale? Beneath ENA's strong rebound, undercurrents are stirring, and the market is holding its breath to observe the upcoming sell-off scale and its potential impact on prices. How to find opportunities amidst volatility? Feel free to discuss with Jiang Ge and capture the hidden market trends! #ENA #USDe #AVA #ME #MOVE $AVAX $DOGE $LINK
ENA Returns to $1 After Half a Year! Whale Movement, $5.47 Million Tokens May Trigger a Sell-off Storm?
On December 13, on-chain data showed that ENA has returned to the $1 mark after half a year, but the market has seen whale movements that have raised concerns. Whale Wanyekest deposited 5.506 million ENA (worth $5.47 million) to Binance 14 hours ago. Statistics indicate that this whale has staked a total of 9.19 million USDe to Ethena over the past 9 months.
Coincidentally, this is the second address suspected of a large token sell-off within 48 hours. Does this movement suggest that the market may face selling pressure in the short term? Or is it merely a strategy adjustment by the whale?
Beneath ENA's strong rebound, undercurrents are stirring, and the market is holding its breath to observe the upcoming sell-off scale and its potential impact on prices. How to find opportunities amidst volatility? Feel free to discuss with Jiang Ge and capture the hidden market trends!
#ENA #USDe #AVA #ME #MOVE $AVAX $DOGE $LINK
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$ENA Recent Key Developments Analysis 1. Participation in #MakerDao Stablecoin Competition ENA announces that the stablecoin launched in collaboration with BlackRock will participate in MakerDAO's competition, aiming to further enhance its market position and expand its application scenarios. 2. Deep Cooperation with #Derivexyz ENA has established a deep cooperation with Derivexyz, the largest on-chain options platform, dedicated to building options and structured financial products on USDe. By leveraging the liquidity of #Ethena and the composability of #USDe , ENA is exploring unique financial innovation models to bring new financial primitives to the market. $ENA Potential Outlook In this market cycle, #ENA is expected to become the biggest dark horse. Although the current bull market has not yet formed a clear concept of 'breaking the circle', #ENA cleverly utilizes market arbitrage mechanisms, attracts traditional capital entry, and meets the demand for stable returns in the bull market, giving it the conditions to stand out and become the focus of investors' attention.
$ENA Recent Key Developments Analysis

1. Participation in #MakerDao Stablecoin Competition
ENA announces that the stablecoin launched in collaboration with BlackRock will participate in MakerDAO's competition, aiming to further enhance its market position and expand its application scenarios.

2. Deep Cooperation with #Derivexyz
ENA has established a deep cooperation with Derivexyz, the largest on-chain options platform, dedicated to building options and structured financial products on USDe. By leveraging the liquidity of #Ethena and the composability of #USDe , ENA is exploring unique financial innovation models to bring new financial primitives to the market.

$ENA Potential Outlook
In this market cycle, #ENA is expected to become the biggest dark horse. Although the current bull market has not yet formed a clear concept of 'breaking the circle', #ENA cleverly utilizes market arbitrage mechanisms, attracts traditional capital entry, and meets the demand for stable returns in the bull market, giving it the conditions to stand out and become the focus of investors' attention.
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Ethena (ENA) and USDe: The Future of DeFi?Ethena (ENA) and its synthetic dollar USDe are attempting to provide new solutions for the decentralized finance (DeFi) space, promoting the popularity and application of cryptocurrencies through stability, decentralization, and yield generation characteristics. 1. Core Features of USDe USDe is a synthetic stablecoin pegged to the US dollar, aiming to provide stability in the cryptocurrency market. Its main features include: Stability: USDe maintains a 1:1 peg to the US dollar through a Delta hedging strategy. This strategy uses short positions in the Ethereum derivatives market to offset price fluctuations, thus maintaining its stability.

Ethena (ENA) and USDe: The Future of DeFi?

Ethena (ENA) and its synthetic dollar USDe are attempting to provide new solutions for the decentralized finance (DeFi) space, promoting the popularity and application of cryptocurrencies through stability, decentralization, and yield generation characteristics.
1. Core Features of USDe
USDe is a synthetic stablecoin pegged to the US dollar, aiming to provide stability in the cryptocurrency market. Its main features include:
Stability: USDe maintains a 1:1 peg to the US dollar through a Delta hedging strategy. This strategy uses short positions in the Ethereum derivatives market to offset price fluctuations, thus maintaining its stability.
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#eth After Binance announced on the 29th that Ethena (ENA) will be listed on Binance as a new currency mining project, MakerDAO then announced that it will deploy $100 million of DAI through Morpho Blue and distribute distribute it to sUSDe/DAI and USDe/DAI markets. MakerDAO founder Rune also minted 5.66 million USDT into USDe through his personal address yesterday (30). So, what is ETH? What is USDe again? BitMEX founder Arthur Hayes published a paper titled โ€œDust on Crustโ€ in March 2023, which contemplated the creation of a synthetic US dollar-denominated stablecoin through a combination of electronic and equivalent form of short-term perpetual contract position hedging. He ended the post by saying that he wanted to support a trustworthy team to turn the idea into reality and Ethena was born. ETH is a synthetic dollar protocol built on Ethereum, with ETH as the underlying asset. USDe is based on equal amounts of short-term ETH spot and futures ETH collateral. Both are hedged to become delta-neutral stable assets. ,Delta Neutrality means that USDe Collateralized Position is essentially unaffected by changes in ETH price, thus ensuring asset reliability and USDe stability. Ethena, inspired by Arthur Hayes, is also popular with leading institutions: it has received $14 million in funding from Dragonfly, Binance Labs, GSR, Wintermute, etc., at a project valuation of 300 million US dollars. #usde
#eth After Binance announced on the 29th that Ethena (ENA) will be listed on Binance as a new currency mining project, MakerDAO then announced that it will deploy $100 million of DAI through Morpho Blue and distribute distribute it to sUSDe/DAI and USDe/DAI markets.
MakerDAO founder Rune also minted 5.66 million USDT into USDe through his personal address yesterday (30).
So, what is ETH? What is USDe again?
BitMEX founder Arthur Hayes published a paper titled โ€œDust on Crustโ€ in March 2023, which contemplated the creation of a synthetic US dollar-denominated stablecoin through a combination of electronic and equivalent form of short-term perpetual contract position hedging. He ended the post by saying that he wanted to support a trustworthy team to turn the idea into reality and Ethena was born.
ETH is a synthetic dollar protocol built on Ethereum, with ETH as the underlying asset. USDe is based on equal amounts of short-term ETH spot and futures ETH collateral. Both are hedged to become delta-neutral stable assets. ,Delta Neutrality means that USDe Collateralized Position is essentially unaffected by changes in ETH price, thus ensuring asset reliability and USDe stability.
Ethena, inspired by Arthur Hayes, is also popular with leading institutions: it has received $14 million in funding from Dragonfly, Binance Labs, GSR, Wintermute, etc., at a project valuation of 300 million US dollars. #usde
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#ENA $ENA #MKR๏ผŒSNX $MKR #USDe #dai The previous article mentioned the core role of ENA, but it is relatively abstract and seems to be very difficult for everyone to understand I will open a separate article here to talk about it First of all, everyone should understand the status of Suanwen in the currency circle, just like the aircraft engine is the pearl on the crown of industry, Suanwen is the pearl of the currency circle Secondly, as long as there is a project that can add leverage to the market and has a certain scale, then this project will definitely be sought after by funds and is destined to take off The most intuitive example is MKR and the stablecoin Dai it issued. The core logic of leveraging the market is to buy Ethereum and Bitcoin, mortgage them to MKR, mint the stablecoin Dai, and then use Dai to continue to buy spot Ethereum and Bitcoin, and repeat this cycle, resulting in less and less spot in the market and rising prices. But the disadvantages are also obvious. Only 80 Dai can be minted for 100U worth of Ethereum, which is similar to the concept of loss, resulting in the inability to keep leveraging funds. Unless the price keeps rising, the more leverage is cycled, the less funds can be used. Of course, this does not affect the price takeoff of MKR, and the market value has long dominated the top five 10 Back to ENA, for every 100 USDe minted, 50U worth of Ethereum spot will be bought in the market, and then 50U worth of short orders will be opened. The value is anchored, and the capital utilization rate is 100%. Buy 100U of Ethereum and lock it in ENA to take out 100USDe to continue buying, and repeat it over and over again. The leverage that can be added is N times that of MKR, and the capital utilization rate is extremely high The extra money must have a source. The higher the leverage, the more short orders there are in the contract. However, since the contract price is greatly affected by the spot price, the spot quantity is limited, unlike the unlimited contract, so the larger the issuance of USDe, the higher the market leverage, and the market The more you buy Bitcoin and Ethereum spot, the more the price will rise, similar to the Fed printing money (unlimited) to buy gold (limited), directly stepping on the left foot and spiraling to the sky In this round of bull market, the future rise of Bitcoin, ETF funds are the first contributor, and the second contributor ENA is indispensable Of course, ENA will also contribute to the rise of Bitcoin at the beginning of the bear market, but what does it matter? I have already liquidated my position and ran away ENA is destined to enter the top 20 of the market value rankings. If the market FOMO, it is not impossible to stroll around the top ten. Although the previous article estimated that ENA has a guaranteed 7U per unit, I will not sell it at this price anyway
#ENA $ENA #MKR๏ผŒSNX $MKR #USDe #dai
The previous article mentioned the core role of ENA, but it is relatively abstract and seems to be very difficult for everyone to understand

I will open a separate article here to talk about it

First of all, everyone should understand the status of Suanwen in the currency circle, just like the aircraft engine is the pearl on the crown of industry, Suanwen is the pearl of the currency circle

Secondly, as long as there is a project that can add leverage to the market and has a certain scale, then this project will definitely be sought after by funds and is destined to take off

The most intuitive example is MKR and the stablecoin Dai it issued.
The core logic of leveraging the market is to buy Ethereum and Bitcoin, mortgage them to MKR, mint the stablecoin Dai, and then use Dai to continue to buy spot Ethereum and Bitcoin, and repeat this cycle, resulting in less and less spot in the market and rising prices.
But the disadvantages are also obvious. Only 80 Dai can be minted for 100U worth of Ethereum, which is similar to the concept of loss, resulting in the inability to keep leveraging funds. Unless the price keeps rising, the more leverage is cycled, the less funds can be used. Of course, this does not affect the price takeoff of MKR, and the market value has long dominated the top five 10

Back to ENA, for every 100 USDe minted, 50U worth of Ethereum spot will be bought in the market, and then 50U worth of short orders will be opened. The value is anchored, and the capital utilization rate is 100%. Buy 100U of Ethereum and lock it in ENA to take out 100USDe to continue buying, and repeat it over and over again. The leverage that can be added is N times that of MKR, and the capital utilization rate is extremely high
The extra money must have a source. The higher the leverage, the more short orders there are in the contract. However, since the contract price is greatly affected by the spot price, the spot quantity is limited, unlike the unlimited contract, so the larger the issuance of USDe, the higher the market leverage, and the market The more you buy Bitcoin and Ethereum spot, the more the price will rise, similar to the Fed printing money (unlimited) to buy gold (limited), directly stepping on the left foot and spiraling to the sky

In this round of bull market, the future rise of Bitcoin, ETF funds are the first contributor, and the second contributor ENA is indispensable

Of course, ENA will also contribute to the rise of Bitcoin at the beginning of the bear market, but what does it matter? I have already liquidated my position and ran away

ENA is destined to enter the top 20 of the market value rankings. If the market FOMO, it is not impossible to stroll around the top ten. Although the previous article estimated that ENA has a guaranteed 7U per unit, I will not sell it at this price anyway
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๐Ÿ—ฃ๏ธ๐Ÿ”ŠDon't be confused ๐Ÿ”‰Ethena ENA is not a stable coin ETH's ENA is not a stablecoin in the traditional sense like USDT or USDC. Instead, it is part of a synthetic dollar protocol, where its value is derived from a delta-neutral strategy involving ETH and ETH derivatives. While the goal is to maintain a stable value similar to a stablecoin, ENA's value is not directly tied to a fiat currency like the US Dollar.

๐Ÿ—ฃ๏ธ๐Ÿ”ŠDon't be confused

๐Ÿ”‰Ethena ENA is not a stable coin
ETH's ENA is not a stablecoin in the traditional sense like USDT or USDC. Instead, it is part of a synthetic dollar protocol, where its value is derived from a delta-neutral strategy involving ETH and ETH derivatives. While the goal is to maintain a stable value similar to a stablecoin, ENA's value is not directly tied to a fiat currency like the US Dollar.
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