#ena , which was launched yesterday, has soared. This is an emerging algorithmic stablecoin project. Although there have been various failures in the past, such as #luna , it still cannot stop all the experts from continuing to explore in this field. #ena is an emerging stablecoin project that uses futures to hedge risks. The stablecoin is called #usde . Currently, there is a good staking income on the official website, and many kols are also forwarding and promoting it.

Today I don’t want to talk about the ENA project. After all, too many kols have professionally analyzed it. What I want to talk about is that in order to avoid the risk of collapse similar to Luna and UST, you can consider putting a small insurance position on #y2k . Y2K is a project on Arbitrum that insures stablecoins. It was launched the year before last. It hedges the risk of the stablecoin’s currency value through options. When the stablecoin deviates from $1, it will trigger compensation.

With the emergence of stablecoin projects, similar to Y2K, a certain ecology has also been formed.