Key Highlights Standard Chartered says Ethena’s $ENA token could rise sevenfold if $USDe reaches $40 billion in supply and buybacks normalize. Ethena’s approved buyback program begins when $USDe supply reaches $7.5 billion, with revenue allocation rising to 20% at $20 billion. Remaining investor unlocks will be released on Oct. 5, while about 12% of $ENA ...
Key Highlights Ethena launched its RWA basis trading expansion on Binance, utilizing bStocks and USDT-denominated perpetuals to target an 11% average yield—nearly double short-term U.S. Treasury returns. The protocol’s basis trade allocation has surged from 1% during the 2024 crypto winter to approximately 20% of $USDe’s yield backing, with Ethena projecting the equity perpetuals market ...
Crypto Market Shifts to Defensive Posture Amid Rising Yields and Rate-Hike Fears This week, the cryptocurrency market adopted a more defensive setup. Rising Treasury yields, climbing oil prices, and growing expectations for Federal Reserve rate hikes pressured risk assets, pushing Bitcoin (BTC) below the $77,000 threshold. However, the sell-off was not uniform across the board. ...
Ethena is expanding the collateral backing for its yield-bearing synthetic dollar, $USDe, into basis trades on equity perpetuals, also known as real-world asset (RWA) tokenization…
Ethena is expanding its funding trade into equity perpetuals as the protocol seeks new sources of returns after the supply of $USDe fell below $5…