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.