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Ethena targets $120 trillion equity market with higher-yield USDe strategy
Ethena plans to extend USDe’s basis strategy into equity perpetual futures, targeting funding yields more than five times Bitcoin’s. The announcement comes as equity perpetual open interest reaches about $6.2 billion.
CryptoSlate
Ethena looks beyond crypto to capture yield from rising equity perpetuals
Ethena, issuer of the $4 billion USDe token, expects real-world asset perpetuals to become a larger part of its backing than crypto derivatives within 12 to 24 months, as equity perpetuals gain momentum.
CoinDesk
Ethena Buyback Vote and VC Unlock Changes Support ENA Outlook
ENA surged after Ethena proposed a buyback vote and changes to venture-capital token unlocks. The measures seek to reduce investor selling pressure and direct protocol revenue toward ENA while reviving USDe growth.
CoinDesk