#ETHENALAUNCHPOOL #EthenaENA #USDe

Ethena Review

$XRP

Ethena Lab is a Web3 company that focuses on building the world's first 🥇fully on-chain-backed USDe stablecoin , and the crypto -native , yield - bearing "Internet Bond" on Ethereum.

USDe Coin:The Ethena stablecoin , from its design , is completely censorship-resistant and independent from traditional finance markets . Instead , it draws stability from both Ethereum staking rewards and delta hedging derivatives positions (shorts) of the same assets.

$SOL

The collateral for its delta hedging comes from Ethena yield users who are contributing their Ethereum LSTs to the platform. In exchange , the protocol shares rewards acquired from hedging and Ethereum staking with users , rewarding them with a flexible APY rate and granting them USDe crypto stablecoins , equivalent to the amount of LST users contributed.

$ETH

These stablecoins can be used as a collateral or native assets in DeFi applications or locked 🔐 on the Ethena Finance to earn even more rewards and receive the sUSDe(Staked USDe) , which can also be used in Defi APPLICATIONS but with a lower APR rate.