In this article:Athena to launch new iUSDe product Expanding the stablecoin market for traditional investors.
Ethena's revenue is driven by a base valuation that will increase returns by 300% in 2024.
This platform is one of the largest
This platform is one of the largest commission producers and offers to share its revenues with traditional investors.
Ethena announced a roadmap to 2025, one of the priorities of which is the integration of TradFi assets. The move will allow Ethena to add an extra layer of security to its synthetic USDe assets.
Ethena Labs has announced its 2025 roadmap, and one of its goals is to partner with TradFi companies. Last year, Ethena deployed stablecoin in a decentralized protocol and showed that it is a solid asset for lending and pawn shops. Despite doubts about the stability of USDe, Ethena survived 2024, helped by an overall bullish trend.
2024 For the full year of 2024, Ethena's revenue totaled $276.47 million, peaking at $7.21 million in November. The protocol was able to keep USDe supply low during the market downturn by following a roadmap of different ETH scenarios: near the end of 2024, USDe trading volumes surpassed 6 billion tokens again by December 20. Since then, the supply of USDe has shrunk slightly to 5.9B, but is still close to peak supply.
Currently, 4.2B of these tokens are locked in Staked, with a premium price of USD 1.14. Staked USDe has a large withdrawal protection mechanism, keeping the USDe price at USD1. After testing
sUSDe with other #DeFi protocols for several months, Ethena will create a new product, iUSDe. This product will allow traditional financial companies to distribute stackable coins by parking assets in special smart contracts. All TradFi partners will be able to access #token yields without having to transfer money to the chain;
Ethena will announce all partners that have adopted USDe by the end of January.
Read us at: Compass Investments