About ethena
About ethena
Blog Article
This abstracts away the complexity for all customers allowing stablecoins being an enter asset, and results in compact imbalances while in the onchain AMM pools which triggers a possibility for sector makers to carry on Along with the mint workflow outlined below.
An entrepreneurial frame of mind - we’re an early-stage startup so we’re not only looking for someone to run a playbook. We would like you that will help Establish it
Ethena is really a protocol on Ethereum built to develop a copyright-native stablecoin that is totally freed in the infrastructure of the traditional banking process.
The amount of sENA a person will obtain when staking sENA will count on the current worth of sENA. At start the value will be one sENA = 1 ENA, but sENA is predicted to slowly but surely boost in worth as distributions are transferred in to the staking smart deal.
Together with these core products, Ethena will carry on to rework from a single asset issuer to some platform that supports the very best developers and promotes on-chain money innovation.
This solution is usually employed by regular money establishments to prevent in depth loss from marketplace fluctuations.
Whilst on paper, Ethena’s USDe “synthetic dollar” project could feel pristine; higher yields also imply larger threats.
The depth and liquidity with the derivatives marketplace allow for USDe to swiftly adjust its asset portfolio in response to modifications in offer and demand without the ought to boost the amount of physical property. This implies USDe can broaden at a reduced funds Price since Every single USDe calls for only a one:one "collateral," as opposed to the more than-collateralization often desired by standard stablecoins. This design and style not simply improves money efficiency but also cuts down the chance of asset lockup in the system.
3rd, Ethena deposits the stablecoin USDC into platforms like copyright to receive a hard and fast annual yield. This gives One more steady supply of income, which not just boosts Ethena's financial stability but also offers supplemental price appreciation prospects for your assets in the technique.
A permissionless and non-custodial lending protocol the place users can generate desire on over-collateralized lending and borrow digital assets utilizing immutable infrastructure.
Launched in February 2024, Ethena launched USDe beneath the label of the “artificial dollar” and moved away from the terminology of a stablecoin. Even so, for all intents and needs, USDe is often a stablecoin.
ORBIT is really an open supply and non-custodial protocol enabling the development of cash marketplaces. End users can earn curiosity on deposits and borrow belongings.
copyright announced the launchpool for that ENA token on March 29, because the fiftieth launchpool project. People can now stake BNB or FDUSD in independent swimming pools for 3 days to farm for ENA tokens, Along with the pools opening on March 30.
The focus in the 1st quarter of 2025 is going ethena to be to work with common fiscal distribution partners to help their consumers to reach iUSDe, masking your complete discipline: