🧐ENA Ethena can study this article carefully——
Let me emphasize one point first:
$ENA is not $LUNA
ENA scenario determines that this bull market may create miracles. Continue to HODL. I bought it at 0.4 and have been holding it for the staking income in the second quarter!
Especially as the bull market enters the middle and late stages, a large amount of funds are sold out, and large investors need to find better stablecoin profit opportunities.
Binance also saw the potential in this market and launched BFUSD, which indirectly proves the correctness of this logic.
1⃣️USDe now has 3.7 billion in circulation, an increase of 1.2 billion in the past 6 weeks.
2⃣️During this period, the yield of sUSDe ranged from 10% to 25%, and Deribit accepted USDe as a recognized form of stablecoin collateral.
3⃣️Ethena’s fee conversion proposal was also approved, these fee conversions ensure that sENA holders are the main beneficiaries of the success of the protocol.
Interpreting the $ENA project from a meme perspective is like this:
Track: No matter how unrealistic it is, stability is the obsession of the cryptocurrency circle.
Investors: Binance, OKX, Franklin Capital and others invest together and the chips will be unlocked after one year.
Fair issuance: deposit money to earn coins just like bome, but large holders unlock them linearly.
Mechanism: ① Ponzi, coin price rises-->large scale-->high valuation-->coin price rises; ②High interest, deposit U starts at 35% annualized rate.
Marketing: The strongest KOL @CryptoHayes and a group of VCs are calling for orders.
LFG / DYOR
