17h ago
From a macro perspective, when the market generally corrects, overall risk tends to weaken, and funds will gravitate towards assets that emphasize returns and stability!
Recently, the market has also seen a significant correction, and during this time, Ethena Labs has launched a yield-generating stablecoin, USDe!
Ethena Labs is committed to creating a "synthetic dollar + yield generation" framework, which involves generating a stablecoin (USDe) on-chain while providing substantial returns to holders.
Unlike traditional stablecoins, USDe is a "synthetic dollar" supported by a strategy of crypto assets + derivatives short hedging.
As a governance token, $ENA is also one of the top 100 stablecoins on CoinMarketCap.
If you're interested in the Ethena ecosystem, you can follow Terminal Finance—a DEX incubated by Ethena.
Terminal's treasury has reached full capacity, with a total locked value exceeding $300 million, so it's worth keeping an eye on!
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