This remarkable surge in TVL owes much to Pendle’s strategic integrations with Eigenlayer and Ethena, both of which have garnered immense popularity in the last quarter.
Ethena Labs’ USDe stablecoin offers a high annual yield, sourced from funding payments and staking rewards. However, these particular sources of yield also expose the project to risks that could result in problems for the project during a bear market.
This remarkable surge in TVL owes much to Pendle’s strategic integrations with Eigenlayer and Ethena, both of which have garnered immense popularity in the last quarter.
Ethena Labs’ USDe stablecoin offers a high annual yield, sourced from funding payments and staking rewards. However, these particular sources of yield also expose the project to risks that could result in problems for the project during a bear market.
USDe, an "internet bond" backed stablecoin inspired by Arthur Hayes, shrugs off past criticism as it emerges unscathed from the weekend's market turmoil.
Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
Ethena says it's a decentralized rival to stablecoins reliant on the traditional banking system — but its "synthentic dollar" has drawn unfavorable comparisons to ТerraUSD.
Startup Ethena picked up on the crypto visionary's idea for a stablecoin that is fully collateralized, yet independent of the traditional financial system. The project has already received funding and onboarded a motivated team.
