Integrate BTC, cooperate with Pendle and MakerDAO Can Ethena become a new generation of synthetic dollar?
wublock.substack.com
Author: defioasis By holding LST and an equivalent amount of perpetual contract short positions, Ethena has created a delta-neutral CDP, pioneering a new chapter in synthetic dollars . The yield on sUSDe (staked USDe) actually comes from basis trading, with the current sUSDe APY exceeding 11%. According to Etherscan data, as of May 8, the supply of USDe has reached 2.29 billion, making it the fifth largest stablecoin/synthetic dollar after USDT, USDC, DAI, and FDUSD.
Integrate BTC, cooperate with Pendle and MakerDAO Can Ethena become a new generation of synthetic dollar?
Integrate BTC, cooperate with Pendle and…
Integrate BTC, cooperate with Pendle and MakerDAO Can Ethena become a new generation of synthetic dollar?
Author: defioasis By holding LST and an equivalent amount of perpetual contract short positions, Ethena has created a delta-neutral CDP, pioneering a new chapter in synthetic dollars . The yield on sUSDe (staked USDe) actually comes from basis trading, with the current sUSDe APY exceeding 11%. According to Etherscan data, as of May 8, the supply of USDe has reached 2.29 billion, making it the fifth largest stablecoin/synthetic dollar after USDT, USDC, DAI, and FDUSD.