Alright, let's get the party started! đ So listen up, folks, because Davi, your friendly neighborhood crypto blogger, is about to add some humor and simplicity to this crypto jargon salad!
Imagine this: you have a platform called Ethena, and it's doing some fancy things with crypto, like shorting bitcoin futures and getting funding fees to make some sweet, sweet cash. đ€ But wait, what is that? Are they adding bitcoin to the mix now? Buckle up kids, things are about to get wilder than a roller skate rodeo!
Therefore, Ethena has been in the green by shorting ether futures and getting funding rates since January. And guess what? They are making an impressive 37% annual return doing this! That's more money than you'll find in a leprechaun's pot at the end of the rainbow. đđ°
But hold on tight, because Ethena isn't going to stop there. No, they are diving headfirst into the bitcoin pool now. Itâs as if they were playing a game of encrypted chess and just shouted, âCheckmate!â đ„
Now, I know what you're thinking: âBut Durgesh, why all this talk about funding rates and shorting futures? I just want to know if I can buy a Lambo with my crypto earnings!â Well, fear not, my friends, because I have you covered like a warm blanket on a cold night.
You see, Ethena is inventing a cool little thing called USDe, which supposedly works like a stable coin, but with a twist. It's like the James Bond of crypto, always keeping calm and keeping that sweet $1 pegging. đ¶ïžđ”
And get this, over $2 billion worth of USDe has been issued since it crashed, and people are gobbling it up like grandma's famous apple pie. đ„§ But wait, thereâs more! By adding bitcoin to the mix, Ethena not only increases users' income but also helps USDe grow even further. It's like seeing a plant bloom after a good watering. đ±đ§
So there you have it, folks! Ethena is shaking things up in the crypto world one cash-and-carry trade at a time. Who knew earning money could be so much fun? Now, if you'll excuse me, I have some cryptocurrencies to buy and a Lambo to test. Catch you on the other side! âïžđ
