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Ethena, a rapidly growing venture in decentralized finance (DeFi) that is known for its USDe stablecoin, has recently been weathering a storm. The theft of funds from the Bybit exchange has caused Ethena’s share of USDe derivative hedging positions on the platform to plummet. At present, Ethena has a mere 14% of its USDe positions … Read more
The decentralized stablecoin protocol Ethena has associated with it the $ENA token. This token is just about to unlock a very large number of tokens and to do so is expected to have many effects—some deleterious, we suspect—for the project and its investors. In the next few days, approximately 2.06 billion $ENA tokens unlocking will … Read more
In the turbulent realm of cryptocurrency, large investors—large holders of a token, known as whales—usually cause a stir when they make a move. Just recently, a whale known by the wallet address 0x8f9 made a big one by unstaking all of their 17.875 million $ENA tokens (worth about $8.78 million) and transferring them to Binance … Read more
The DeFi protocol is proposing using 20% of revenues for monthly buybacks to boost benefits for stakers. Go to Source
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi. Go to Source
Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out. Go to Source
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks. Go to Source
Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL. Go to Source
Ethena Labs has unveiled its latest product, $USDtb, a stablecoin backed by BlackRock’s BUIDL. Designed to maintain a 1:1 peg, each $USDtb token is supported by cash or cash-equivalent reserves, ensuring its stability. Users can freely transfer $USDtb tokens without facing any restrictions. A standout feature of $USDtb is its backing by BlackRock’s BUIDL, which … Read more
Ethena’s $USDe stablecoin is rapidly approaching a supply of $6 billion, marking a remarkable 140% increase since its October lows. While this growth is significant, $USDe still holds just a 2.83% market share, highlighting its potential for further expansion as it continues to gain traction in the stablecoin sector. Although far from challenging dominant players … Read more
