USDe
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#USDe Supply Drops, but Backing Remains Strong đ
đȘ
Fam!! đ Just a quick update on USDe. The supply has dipped a bit in the past month, dropping to around $2.69 billion. đ
Even so, $ENA 's stablecoin protocol is still in good shape. đThe reserve fund and backing assets are healthy, and the peg ratio is holding steady.
Looks like USDe is weathering the storm pretty well! đ€§DYOR!
Don't forget to like this post if you're an ENA fan! đ Let's show our support for the team and the USDe stablecoin. đ€ #Ethena #Stablecoins #Altcoins
Fam!! đ Just a quick update on USDe. The supply has dipped a bit in the past month, dropping to around $2.69 billion. đ
Even so, $ENA 's stablecoin protocol is still in good shape. đThe reserve fund and backing assets are healthy, and the peg ratio is holding steady.
Looks like USDe is weathering the storm pretty well! đ€§DYOR!
Don't forget to like this post if you're an ENA fan! đ Let's show our support for the team and the USDe stablecoin. đ€ #Ethena #Stablecoins #Altcoins
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Binance News
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Ethena Stablecoin Supply Decreases By 25.5% Since July
According to BlockBeats, as of September 7, data from Ethena's official website indicates that the supply of USDe has dropped to 2.69 billion tokens. This marks a significant decrease of approximately 25.5% from the early July peak of 3.61 billion tokens. Additionally, Ethena's stablecoin protocol reserve fund remains at $46.61 million.
đ Exciting News in the Crypto Space! đ
đ Ethena Labs' USDe Stablecoin Skyrockets with 400% Surge in Market Cap! đ
According to CryptoPotato, USDe, Ethena Labs' innovative stablecoin initiative, has been on an incredible journey, witnessing a jaw-dropping 400% increase in market cap in just one month, soaring to an impressive $840 million! đ„
Despite recent concerns in the community post-Terra ecosystem's setback, Arthur Hayes remains bullish on Ethena's potential to deliver a game-changing synthetic USD on a public blockchain. đ
Launched on February 19, USDe has stirred excitement and apprehension alike, offering a remarkable 27.6% annual percentage yield (APY), surpassing even Anchor Protocol's 20% yield prior to Terra's downfall. Hayes clarified the unique method behind USDe's yield generation, leveraging ETH staking yield and positive perp swap funding, setting it apart from traditional stablecoins. đ°
Addressing concerns around centralization, Hayes emphasized Ethena's approach, maintaining short perp swap positions on centralized derivative exchanges while employing third-party custodians to mitigate risks. This innovative strategy not only enhances security but also aligns incentives for mutual success among investors and CEXs (Centralized Exchanges). đ€
As Ethena continues to expand its footprint, the crypto community eagerly anticipates its potential to reshape the landscape, offering a promising alternative to traditional banking systems. đ
Stay tuned for more updates as Ethena's journey unfolds! đđ #Crypto #USDe #EthenaLabs #Stablecoin #Innovation #BlockchainRevolution
đ Ethena Labs' USDe Stablecoin Skyrockets with 400% Surge in Market Cap! đ
According to CryptoPotato, USDe, Ethena Labs' innovative stablecoin initiative, has been on an incredible journey, witnessing a jaw-dropping 400% increase in market cap in just one month, soaring to an impressive $840 million! đ„
Despite recent concerns in the community post-Terra ecosystem's setback, Arthur Hayes remains bullish on Ethena's potential to deliver a game-changing synthetic USD on a public blockchain. đ
Launched on February 19, USDe has stirred excitement and apprehension alike, offering a remarkable 27.6% annual percentage yield (APY), surpassing even Anchor Protocol's 20% yield prior to Terra's downfall. Hayes clarified the unique method behind USDe's yield generation, leveraging ETH staking yield and positive perp swap funding, setting it apart from traditional stablecoins. đ°
Addressing concerns around centralization, Hayes emphasized Ethena's approach, maintaining short perp swap positions on centralized derivative exchanges while employing third-party custodians to mitigate risks. This innovative strategy not only enhances security but also aligns incentives for mutual success among investors and CEXs (Centralized Exchanges). đ€
As Ethena continues to expand its footprint, the crypto community eagerly anticipates its potential to reshape the landscape, offering a promising alternative to traditional banking systems. đ
Stay tuned for more updates as Ethena's journey unfolds! đđ #Crypto #USDe #EthenaLabs #Stablecoin #Innovation #BlockchainRevolution
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$ENA Ethena Season 2 Activity Data Update
Time: June 18
Sats: 5.148T
Sats 1 day increase: 97B
TVL: 3.53b
ENA lock-up amount: 299.8M / 300M
If the activity continues until the official scheduled September 2, a total of 14.8T Sats will be generated
ENA lock-up has increased significantly by 25M in the past two days, and TVL has grown slowly, which has led to a decrease in the estimated Sats value, which may cause the strategy of buying YT to lose money
#USDe #Ethena!
Time: June 18
Sats: 5.148T
Sats 1 day increase: 97B
TVL: 3.53b
ENA lock-up amount: 299.8M / 300M
If the activity continues until the official scheduled September 2, a total of 14.8T Sats will be generated
ENA lock-up has increased significantly by 25M in the past two days, and TVL has grown slowly, which has led to a decrease in the estimated Sats value, which may cause the strategy of buying YT to lose money
#USDe #Ethena!
Ethena Labs' USDe supply has surpassed $900m.
The campaign will end when the supply reaches $1bn or on 1 April.
Those reductions only effect:
â«ïžCurve LP positions reduction of shard multiplier from 20x to 15x.
â«ïžReduced shard multiplier for holding USDe outside of an eligible pool from 5x to 2x.
â«ïžNo other pools are impacted.
These reductions equate to an approximate 1bn per day decrease in shards issued, or ~12% less shards per day.
#HotTrends #ETHâ #USDe
The campaign will end when the supply reaches $1bn or on 1 April.
Those reductions only effect:
â«ïžCurve LP positions reduction of shard multiplier from 20x to 15x.
â«ïžReduced shard multiplier for holding USDe outside of an eligible pool from 5x to 2x.
â«ïžNo other pools are impacted.
These reductions equate to an approximate 1bn per day decrease in shards issued, or ~12% less shards per day.
#HotTrends #ETHâ #USDe
đ° #EthenaLabs - creator of #USDe stablecoin, raises $14M in a strategic round led by Dragonfly, Brevan Howard Digital, & Arthur Hayes' Maelstrom.
đ” Investors include #PayPal Ventures & major crypto exchanges.
With a new $300M valuation, Ethena's USDe aims to challenge #Tether
#Stablecoins
đ” Investors include #PayPal Ventures & major crypto exchanges.
With a new $300M valuation, Ethena's USDe aims to challenge #Tether
#Stablecoins
**đ” Arthur Hayes Mints USDe with stETH**: According to ScopeScan, Arthur Hayes, co-founder of BitMEX, deposited ETH into Raido and utilized stETH to generate USDe at Ethena Labs. He has deposited 440 ETH (approximately $1.01 million) and received 1.01 USDe. Presently, he holds 5,451 ETH, valued at around $12.5 million. đȘđ° #ArthurHayes #USDe #stETH
đđđŽđđđ đł, đźđŹđźđ°
đšđš Breaking : TrumpCoin (DJT), launched by Martin Shkreli, crashes 92% in last four hours.
đ„ BREAKING: 250,000,000 $USDC đ° has been minted at #USDC Treasury on #Solana . đ
đšđš ETHENA's #USDe stablecoin has experienced almost $100 million in redemptions since Monday, according to The Block.
đ„đ„đ„ 373,189,770 #USDT đ° transferred from unknown wallet to #Binance .
đ° Binance Has Challenged India's đźđł $86M Tax Showcause Notice: CoinDesk.
đšđš Breaking : TrumpCoin (DJT), launched by Martin Shkreli, crashes 92% in last four hours.
đ„ BREAKING: 250,000,000 $USDC đ° has been minted at #USDC Treasury on #Solana . đ
đšđš ETHENA's #USDe stablecoin has experienced almost $100 million in redemptions since Monday, according to The Block.
đ„đ„đ„ 373,189,770 #USDT đ° transferred from unknown wallet to #Binance .
đ° Binance Has Challenged India's đźđł $86M Tax Showcause Notice: CoinDesk.
đđđŽđđđ đ, đźđŹđźđ°
đ„ JUST IN : #Telegram Integrates OnMeta On/Off Ramp Crypto Service!
Now, users in India đźđł and the Philippines can đ”đ directly buy #Crypto in the Telegram app using UPI and bank transfers via @wallet.
đ° Ripple Allocates $10M in Tokenized U.S. Treasury Bills on #XRP Ledger.
đ„ Ethena and ByBit to let derivatives traders use #USDe as collateral.
âĄïžJUST IN: đđ° Hong Kongâs largest online broker Futu has launched #Bitcoin đ° and crypto trading.
đ„ JUST IN : #Telegram Integrates OnMeta On/Off Ramp Crypto Service!
Now, users in India đźđł and the Philippines can đ”đ directly buy #Crypto in the Telegram app using UPI and bank transfers via @wallet.
đ° Ripple Allocates $10M in Tokenized U.S. Treasury Bills on #XRP Ledger.
đ„ Ethena and ByBit to let derivatives traders use #USDe as collateral.
âĄïžJUST IN: đđ° Hong Kongâs largest online broker Futu has launched #Bitcoin đ° and crypto trading.
Pendle has increased the upper limit of the Ethena USDe Pendle pool on Ethereum to $400 million.
#PENDLE #EthenaENA #PENDLEđ„đ„ #USDe
#PENDLE #EthenaENA #PENDLEđ„đ„ #USDe
Ethena ($ENA) just dropped a bomb on Twitter â they're supercharging their synthetic dollar (USDe) with Bitcoin ($BTC) in addition to Ethereum ($ETH )! This bold move promises a "safer" USDe.
Ethena uses a strategy called "cash-and-carry trade" where they short futures contracts (betting on price decrease) and pocket funding rates to generate yield for USDe holders (currently 37% annual yield). Previously, they only used ETH futures. Now, they'll include BTC futures as well. This addition of Bitcoin is claimed to increase stability (safety) of USDe and allow for further growth (issuance of more USDe tokens).
Hold up! Ever wondered what's the real magic behind USDe? đ€đ»Let's spill the tea!
Imagine USDe as a special kind of digital dollar. It's supposed to always be worth $1, just like a regular dollar. To create USDe, Ethena uses two main strategies (simplified):
(1) They take your real money (like other stablecoins) and buy Bitcoin (BTC) with it. This Bitcoin acts as collateral or backing for the USDe you receive.
(2) At the same time, they enter into a futures contract where they anticipate a decrease in the price of Bitcoin (short position).
This two-step process helps keep USDe stable:
- If the price of Bitcoin goes up, it doesn't matter. Ethena still has the Bitcoin they bought, which maintains the value of USDe.
- If the price of Bitcoin goes down, Ethena profits from their futures contract (short position). This profit helps offset any potential losses from the decrease in Bitcoin's price, further stabilizing USDe.
The benefit for you?
- You get USDe, which is supposed to be a stable digital dollar.
- Ethena shares some of the profits they generate from their Bitcoin futures contracts with you, giving you a potential yield.
DYOR!
#StablecoinRevolution #ENA #USDe #BTC
Ethena uses a strategy called "cash-and-carry trade" where they short futures contracts (betting on price decrease) and pocket funding rates to generate yield for USDe holders (currently 37% annual yield). Previously, they only used ETH futures. Now, they'll include BTC futures as well. This addition of Bitcoin is claimed to increase stability (safety) of USDe and allow for further growth (issuance of more USDe tokens).
Hold up! Ever wondered what's the real magic behind USDe? đ€đ»Let's spill the tea!
Imagine USDe as a special kind of digital dollar. It's supposed to always be worth $1, just like a regular dollar. To create USDe, Ethena uses two main strategies (simplified):
(1) They take your real money (like other stablecoins) and buy Bitcoin (BTC) with it. This Bitcoin acts as collateral or backing for the USDe you receive.
(2) At the same time, they enter into a futures contract where they anticipate a decrease in the price of Bitcoin (short position).
This two-step process helps keep USDe stable:
- If the price of Bitcoin goes up, it doesn't matter. Ethena still has the Bitcoin they bought, which maintains the value of USDe.
- If the price of Bitcoin goes down, Ethena profits from their futures contract (short position). This profit helps offset any potential losses from the decrease in Bitcoin's price, further stabilizing USDe.
The benefit for you?
- You get USDe, which is supposed to be a stable digital dollar.
- Ethena shares some of the profits they generate from their Bitcoin futures contracts with you, giving you a potential yield.
DYOR!
#StablecoinRevolution #ENA #USDe #BTC
USDe launches on Solana
On August 7th, #USDe went live on the #Solana blockchain via #LayerZero Labs' OFT protocol. $SOL is set to be proposed as a backing asset for USDe, pending governance approval. This integration allows transactions with $USDe and rewards through sUSDe.
On August 7th, #USDe went live on the #Solana blockchain via #LayerZero Labs' OFT protocol. $SOL is set to be proposed as a backing asset for USDe, pending governance approval. This integration allows transactions with $USDe and rewards through sUSDe.
#Write2earn #Ethena Labs Integrates #Bitcoin as Collateral for #USDe : Enhancing Scalability and Security $ENA $BTC
Ethena Labs, the developer behind Ethena (ENA), has announced a significant update: Bitcoin is now added as collateral for its synthetic dollar token, USDe.
With this move, Ethena aims to enhance the scalability of its USDe token, pegged to the dollar, by more than 2.5 times. The project recently distributed airdrops, including some through Binance Launchpool, to its users. This strategic integration of Bitcoin is expected to provide stronger support as Ethena approaches a $10 billion valuation, thereby ensuring a more secure product for its users. The current estimated worth of USDe's supply stands at around $2 billion.
Ethena Labs emphasized Bitcoin's superior liquidity and duration profile for delta hedging in comparison to liquid staking tokens. This factor played a pivotal role in the decision to incorporate Bitcoin as a backing asset.
Previously, USDe was solely backed by staked Ethereum (ETH). However, there has been a noticeable uptick in interest among token holders for Bitcoin trading.
According to data from Ethena Labs' website, Bitcoin's open interest surged by 150% to $25 billion last year, contributing to USDe's scaling capacity more than doubling. In contrast, Ethereum's open interest increased by 100% to $10 billion during the same period.
Ethena Labs, the developer behind Ethena (ENA), has announced a significant update: Bitcoin is now added as collateral for its synthetic dollar token, USDe.
With this move, Ethena aims to enhance the scalability of its USDe token, pegged to the dollar, by more than 2.5 times. The project recently distributed airdrops, including some through Binance Launchpool, to its users. This strategic integration of Bitcoin is expected to provide stronger support as Ethena approaches a $10 billion valuation, thereby ensuring a more secure product for its users. The current estimated worth of USDe's supply stands at around $2 billion.
Ethena Labs emphasized Bitcoin's superior liquidity and duration profile for delta hedging in comparison to liquid staking tokens. This factor played a pivotal role in the decision to incorporate Bitcoin as a backing asset.
Previously, USDe was solely backed by staked Ethereum (ETH). However, there has been a noticeable uptick in interest among token holders for Bitcoin trading.
According to data from Ethena Labs' website, Bitcoin's open interest surged by 150% to $25 billion last year, contributing to USDe's scaling capacity more than doubling. In contrast, Ethereum's open interest increased by 100% to $10 billion during the same period.
USDe: Strategies to avoid a de-peg
UST (from TERRA Labs) has already experienced a "de-peg" from its 1-to-1 value with the fiat dollar. What would ENA do to avoid the same thing with its USDe?
ENA Labs has learned from the experience of TerraLabs with UST and has implemented several strategies to avoid a de-peg of USDe with the dollar:
1. Hybrid rebasing mechanism
Combines daily rebasing with a more flexible burning and minting mechanism.Allows for more precise and timely adjustments to the USDe supply in response to market fluctuations.
2. Asset reserve
ENA Labs is building a diversified reserve of assets that includes cryptocurrencies, fiat currencies, and tokenized assets.This reserve will act as a buffer in case the price of USDe starts to fall.
3. Partnership with financial institutions
ENA Labs is working with traditional financial institutions to integrate USDe into their platforms.This will help to increase demand for USDe and stabilize its price.
4. Decentralized governance
ENA holders will be able to vote on key decisions affecting the USDe protocol.This will help to ensure that the protocol is transparent and accountable to the community.
5. Development of a robust ecosystem
ENA Labs is developing a variety of applications and services that use USDe.This will help to increase the utility of USDe and create more sustainable demand for the stablecoin.
It is important to note that
There is no guarantee that these strategies will be successful.The cryptocurrency market is volatile and there is a risk that USDe could lose its peg to the dollar.
__
â€ïž If you found this information helpful, please take a moment to show some love by giving a thumbs up. Your generosity enables me to continue delivering quality content.
#ENA #USDe #peg
ENA Labs has learned from the experience of TerraLabs with UST and has implemented several strategies to avoid a de-peg of USDe with the dollar:
1. Hybrid rebasing mechanism
Combines daily rebasing with a more flexible burning and minting mechanism.Allows for more precise and timely adjustments to the USDe supply in response to market fluctuations.
2. Asset reserve
ENA Labs is building a diversified reserve of assets that includes cryptocurrencies, fiat currencies, and tokenized assets.This reserve will act as a buffer in case the price of USDe starts to fall.
3. Partnership with financial institutions
ENA Labs is working with traditional financial institutions to integrate USDe into their platforms.This will help to increase demand for USDe and stabilize its price.
4. Decentralized governance
ENA holders will be able to vote on key decisions affecting the USDe protocol.This will help to ensure that the protocol is transparent and accountable to the community.
5. Development of a robust ecosystem
ENA Labs is developing a variety of applications and services that use USDe.This will help to increase the utility of USDe and create more sustainable demand for the stablecoin.
It is important to note that
There is no guarantee that these strategies will be successful.The cryptocurrency market is volatile and there is a risk that USDe could lose its peg to the dollar.
__
â€ïž If you found this information helpful, please take a moment to show some love by giving a thumbs up. Your generosity enables me to continue delivering quality content.
#ENA #USDe #peg
#ETHENALAUNCHPOOL #EthenaENA #USDe
Ethena Review
$XRP
Ethena Lab is a Web3 company that focuses on building the world's first đ„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 đ 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.
Ethena Review
$XRP
Ethena Lab is a Web3 company that focuses on building the world's first đ„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 đ 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.
