News
Recap USDe supply is approaching $800m, up nearly $200m since Friday. Pendle’s 200m USDe cap is now full and there is over 100m USDe locked in Curve. Update Ethena’s newest pool is now live on Pendle, this time using sUSDe with 5x shards per day. This pool will
News
USDe supply crossed $600m this morning, only 2 weeks after our public launch. Ethena’s Shard Campaign is currently in its second epoch, after the first filled out in less than a week, bringing over $100m of liquidity to Curve. sUSDe is yielding 33% and USDe-USDT is the 4th
Transparency
sUSDe distributions were completed today equating to a 33.26% APY which mirrored the APY generated by all protocol backing assets of 33.26% APY. For absolute clarity: every dollar of value accrued to the Protocol from the assets backing the staked USDe were transferred in full to the sUSDe
News
As of February 26th 8am ET, Ethena’s Epoch 2 of the “Shard Campaign” will be live. Epoch 1 Recap: Just one week ago we launched Epoch 1. The first epoch was focused on users providing liquidity into Curve’s USDe pools, as well as buying and holding USDe. In
News
Summary: i) We have taken onboard the community feedback and have retrospectively increased the sUSDe payout to include the full yield that was generated by sUSDe collateral backing, or in other words, all of the yield generated by sUSDe collateral was paid in full to sUSDe holders. ii) We have
News
Intro As of February 19th, Ethena’s Shard campaign will be live, marking USDe’s official launch to the public. Shards will represent and track how much a user has contributed to Ethena’s ecosystem over the course of the campaign. We acknowledge general market sentiment has shifted with fatigue
Case Studies
Intro This past bear market gave participants in crypto markets an important lesson in counterparty risk. We saw the collapse of some of the biggest lenders, market makers and exchanges in the space during 2022, sucking a vast amount of liquidity from trading venues which affected every corner of the
Research
{Introduction}: This piece builds upon the essay by Colin Myers and Mara Schmiedt: “The Internet Bond” published in 2020, discussing how Proof of Stake ETH would enable a bond-like instrument for the decentralized economy. To summarize their thinking behind Proof of Stake ETH as the Internet Bond: * Similar to
News
// Ethena Labs: Enabling the Internet Bond_ Ethena Labs is a decentralized stablecoin protocol built on Ethereum that will provide a crypto-native solution for money, not reliant on traditional banking system infrastructure, alongside a globally accessible and permissionless dollar denominated savings instrument - the 'Internet Bond'. {Introduction}: Ethena Labs
Product
// Ethena Labs: Enabling the Internet Bond_ Ethena has been built to address the largest and most obvious immediate need within crypto. DeFi aims to create a parallel financial system, yet the sector’s most important financial instrument – stablecoins – are completely tethered to, and reliant upon, traditional banking infrastructure. It is