Ethena Labs airdropped a total of $450 million worth of tokens to participants and The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena tokens on April 2
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument the 'Internet Bond'
Ethena 24 hour trading volume of 1.6 billion dollar and the price is up 20% is so far
the marketcap just passed 1.1 billion dollar and It has a circulating supply of 1,425,000,000 ENA coins and a max. supply of 15,000,000,000 ENA coins
despite BTC correction ENA had strong start and trying to hit 0.85 and 1$
we are in pre halving moments so dont become greedy and use stoploss, no matter what you trade
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument the 'Internet Bond'
Ethena 24 hour trading volume of 1.6 billion dollar and the price is up 20% is so far
the marketcap just passed 1.1 billion dollar and It has a circulating supply of 1,425,000,000 ENA coins and a max. supply of 15,000,000,000 ENA coins
despite BTC correction ENA had strong start and trying to hit 0.85 and 1$
we are in pre halving moments so dont become greedy and use stoploss, no matter what you trade
Handel aktiv:
we hit our first and second targets
Kommentera:
Ethena Labs has announced that the Singularity Roadmap proposal for Frax Finance has been approved, which includes allocating funds up to $250 million to USDeFRAX POL through the Curve AMO. FRAX has begun adding USDe POL, diversifying the sources of yield for FRAX with this liquidity pool.
Kommentera:
Ethena has distributed another 20% airdrop to all accounts
Handel aktiv:
Kommentera:
Ethena's earnings after deducting the share of sUSDe holders' earnings were -1.61 million US dollars, the first negative earnings in a single week. The Revenue captured by Ethena is the total staking income generated by the PoS, the positive funding rate of the perpetual contract, and the USDe minting fee; the profit is the income minus the cost (the share of earnings of sUSDe holders)
Kommentera:
Ethena is the fastest growing stablecoin in history. It achieved a TVL of $2.3B since February
Instead of your $$$ just retaining value, with Ethena, your capital accrues yield
Here’s a breakdown of how Ethena works with just $100 in the system
1/ A user puts in $100
2/ The money is converted into collateral assets like ETH or STETH
3/ These assets are leveraged to open a short position on exchanges
4/ The user gets 100 USDe, a stablecoin backed by both a long and a short position to maintain the value of the $100
This is called the delta neutral strategy. For every dollar in Ethena, there is a:
1/ Corresponding long position (which profits when the price increases) and…
2/ A simultaneous short position (which profits when the price decreases) for the selected asset
Ethena is able to boost its yield through:
Funding rates & Holding staked Ethereum as part of their collateral, which currently yields about 4%
Instead of your $$$ just retaining value, with Ethena, your capital accrues yield
Here’s a breakdown of how Ethena works with just $100 in the system
1/ A user puts in $100
2/ The money is converted into collateral assets like ETH or STETH
3/ These assets are leveraged to open a short position on exchanges
4/ The user gets 100 USDe, a stablecoin backed by both a long and a short position to maintain the value of the $100
This is called the delta neutral strategy. For every dollar in Ethena, there is a:
1/ Corresponding long position (which profits when the price increases) and…
2/ A simultaneous short position (which profits when the price decreases) for the selected asset
Ethena is able to boost its yield through:
Funding rates & Holding staked Ethereum as part of their collateral, which currently yields about 4%
