About ethena
About ethena
Blog Article
I needed to have a sec to spotlight a few of the considerable operate we have finished bordering the challenges of the look, and exclusively addressing funding danger
Even so, Ethena includes a reserve fund in place that intervenes if the sum from the funding rates for LST assets (like stETH) and brief-term perpetual positions is detrimental, aimed toward defending the place backing for USDe. Ethena isn't going to pass any "adverse earnings" on to people who stake USDe to receive sUSDe.
The marketing campaign was built to be a quick and efficient campaign, with a fixed deadline of a few months or whenever the USDe marketplace capitalization hit $1 billion.
We viewed as variables for example account set up method, deposit and withdrawal methods, and availability of buyer help.
On effective affirmation of your transaction, the person receives sENA/ENA as their ENA/sENA is atomically swapped.
In ten months, it is becoming the third biggest US greenback asset in the sector, that has a provide of US£6 billion
Now, every single DeFi protocol that touches the dollar could be rebuilt around Ethena and obtain enhanced economic framework by default.
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Lendle is a decentralized lending protocol on Mantle Network enabling economical lending and borrowing of digital belongings.
Pick out the minting choice, which reveals appropriate at the best, based on ethena if the protocol is allowing new mints. It is possible to Decide on LP tokens like stETH, or USDT.
The chance of Trade bankruptcy is usually vital since Ethena conducts derivatives buying and selling on CEXs. Whilst mitigated through the "Off-Trade Settlement" mechanism to lessen immediate asset threat, if an Trade goes bankrupt, it could impact income that aren't but settled.
Ethena employs delta-hedging as among the hazard mitigation techniques to guard the USDe peg. Furthermore, There exists a $10 insurance policies fund in place to protect the derivatives Place from damaging funding.
To put it simply, Ethena Labs’ purpose to maintain the USDe peg rests around the shoulders of staked ETH along with the derivatives marketplace. And these ideas are not simply peg-preserving choices and also huge produce turbines.