Ethena's Play for Perps
The most scrutinized protocol of 2024 is now a DeFi powerhouse, with USDe positioned to be prime trading collateral.
Sponsor: Unichain — Faster swaps. Lower fees. Deeper liquidity. Explore Unichain on web and wallet.
The most critically scrutinized protocol of last year has been hard at work, evolving from an experiment into a DeFi behemoth with a surprisingly clear vision for the future.
While most stablecoin projects chase a single strategy, Ethena is executing on two fronts simultaneously: creating the perfect collateral for crypto traders with USDe, while hedging its bets with the regulatory-compliant USDtb. It's a dual-path approach that's proving remarkably effective.
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
Bankless
It’s time to break up with your bank, and join the movement for a better world.
