#ETHENALAUNCHPOOL #EthenaENA #USDe
Ethena Review
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.
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.
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.
