"The road ahead for the future must be created by ourselves." When Paul looked at the endless sea of sand, these words came to mind. He knows that to change Arrakis, he must abandon the old shackles and embrace new possibilities.
In our era, cryptocurrencies are like a "digital sand dune" with unlimited potential. Many pioneers have already set foot on this unknown territory, trying to find a broad road leading to freedom, equality, and security. Among them, a team called Ethena Labs is working tirelessly to develop.
The founders of Ethena Labs have long understood that the current stablecoin market is like a tower built of loose sand, which seems indestructible but is actually fragile. The endorsement of a centralized organization is like a thin rope, with the risk of breaking at any time. The self-collateralization model of algorithmic stablecoins also needs to be continuously improved.
In this chaos, Eth Labs is determined to establish a new order. They want to create a "Delta Neutral Stable" called USDe that cleverly matches spot longs and futures shorts to form a stable fulcrum to balance the volatility in the market. This design was inspired by Arthur Hayes and his book "Dust on Crust".
But Ethena Labs is not satisfied with just achieving stability. They hope that USDe can bring continuous income to holders like "spice". By staking spot ETH to protocols such as Lido, an annualized return of 3-5% can be obtained; while futures short positions can extract 5-20% funding rate income from market fluctuations. This extra cash gives USDe the same wealth productivity as oil.
Of course, USDe's road is not destined to be smooth. Pledge risks, hacker threats, and regulatory changes are like sandworms lurking under the sand dunes, which may break out at any time. But Ethena Labs is confident that it can handle these challenges. Their rigorous risk control system, perfect emergency plans, and firm development direction will become a solid shield to protect USDE.
Looking to the future, Ethena Labs has a more ambitious blueprint - Internet bonds and derivatives protocols, brand-new products, will take root and sprout in the fertile soil of USDe. As more and more users join this ecosystem, USDe is expected to become a banner leading the DeFi revolution and bring new vitality to the entire crypto world.
Just as Paul finally awakened the potential of Dune and got rid of the shackles of the empire, Ethena Labs is also working hard to create a new era of cryptocurrency. On the vast digital dunes, whoever can first find the way to the oasis will dominate the future. And USDe may be the golden key to tomorrow. We are in an era of change, an era full of opportunities and challenges. The foundation of the traditional financial system is loosening, and a new order is being nurtured. In this wave of digitalization, cryptocurrency undoubtedly plays a vital role. It represents a new value scale, a new way of wealth distribution, and a new collaboration model.
The significance of Ethena Labs and USDe may be that they provide a new possibility for this change. They show how to achieve stability on the basis of decentralization, how to achieve win-win results in an open ecosystem, and how to find direction, ideas and practices in an uncertain future.
Of course, no one can predict the future. Just as Paul was confused when facing the vast sea of sand, we will inevitably feel confused about the road ahead. But it is in this confusion that we can find the courage and strength to move forward. Because we have a belief in our hearts, a belief that shines brighter than the stars - that is, we have the ability to create miracles and we have the power to change the world.
Ethena Labs and USDe represent the practice of this belief. Although they are still young and have many shortcomings, their significance has surpassed themselves. They symbolize a pioneering spirit, a spirit of courage to challenge, and a spirit of perseverance. This spirit is the most precious wealth of our time.
Let us witness the "Dune Awakening" of digital currency together, and let us join hands to create a future path. Because we are not only participants of this era, but also shapers of this era.
Ethena Labs and USDe are using their own way to convey this message to the world: the future starts now.
USDe's unique design enables it to bring benefits to holders while ensuring stability. According to the official website of Ethena Labs, USDe's annualized rate of return can reach 8-15%, including 3-5% staking income and 5-20% funding rate income. This level of return is second to none in the field of stablecoins.
Ethena Labs has a more ambitious ecological vision. They plan to issue "Internet bonds" in the second quarter of 2024 to provide more stable and predictable fixed income; at the same time, a new derivatives protocol will also be launched in the third quarter of 2024, which will bring users more abundant crypto asset trading options.
From a higher dimension, Ethena Labs' innovation is expected to bring positive changes to the entire crypto world. First, the introduction of the "Delta Neutral" mechanism will greatly enhance the security of stablecoins and provide users with more reliable asset choices. Secondly, USDe's good profit prospects are expected to attract more users to participate in the use of stablecoins to drive the expansion of its application scenarios. Thirdly, the derivatives plan planned by Ethena Labs will inject new liquidity and transaction depth into the DeFi market, promoting the prosperity and development of the entire DeFi ecosystem.
As of March 31, 2024, the total supply of USDe has reached 100 million, and the pledge rate has remained at a healthy level of 50%. Ethena Labs has more than 20 team members, and the total financing amount exceeds tens of millions of US dollars. The market and capital recognize its development prospects.
Finally, it is worth mentioning that BN is carrying out a major airdrop event to celebrate the launch of $ENA. New users only need to register and complete a few spot or contract transactions to have the opportunity to receive a reward of 50 $ENA. It is estimated that the value of each $ENA is around 0.5-1 US dollars. The total reward amount of this event is as high as 200,000 $ENA, and the opportunity should not be missed.
🔥Event link: https://www.suitechsui.io/cn/join?ref=AKGRIMXH
(You can save 20% on each transaction, which is a lot of savings in a year)
