According to CoinDesk, the decentralized financial platform Ethena has issued more than $287 million in USDe tokens in less than 24 hours since its launch. The Ethena platform provides USDe token holders with an annualized return of 27%, and users can deposit stablecoins to obtain USDe and then stake them. The income comes from staking Ethereum to validators, earning a 5% capital gain, and shorting Ethereum futures to capture the funding rate, which is expected to exceed 20% based on historical modeling.