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Ethena Labs Profile picture
Ethena Labs
@ethena_labs
// Enabling Internet Money_
ger🦇🔊 .lens Profile picture Sean Senthilnathan Profile picture 2 subscribed
Jul 23 • 17 tweets • 4 min read
Introducing the Ethena reward-bearing asset proposals, with entities pitching for an allocation from Ethena's liquid cash backing

One of the early applications is from Securitize, the distributors of @BlackRock's BUIDL, for an allocation from Ethena's Reserve Fund

Details below Image Issuers are invited to pitch Ethena for an allocation of their RWA, or reward bearing asset

As long as the asset is USD denominated, and accrues rewards, it may be eligible for an allocation from:

i) Ethena's $45m Reserve Fund
ii) USDe's liquid cash backing of ~$250m
Jun 17 • 13 tweets • 3 min read
Today marks an important step forward in more closely aligning the growth and use of $USDe with $ENA

The launch of a generalized staking capability for $ENA with @symbioticfi and @LayerZero_Labs is the first step in adding functional utility for $ENA within the Ethena ecosystem Image Summary:

i) Introduction of generalized restaking modules for $ENA and $sUSDe

ii) $ENA restaking pools within @symbioticfi to secure the Ethena Chain

iii) Immediate 50% reduction of go-forward $ENA inflation for Season 1 campaign participants to support long term alignment
Jun 6 • 7 tweets • 2 min read
Excited to share one of the most important DeFi integrations for USDe adoption to date

👻 @ethena_labs x @aave 👻

Read below for details on the partnership 🤝 Users are now able to:

i) Deposit USDe and loop their position with other stablecoins on Aave

ii) Deposit stETH, weETH, ETH and WBTC on Aave to borrow stablecoins into Ethena USDe or sUSDe

vote.onaave.com/proposal/?prop…
May 29 • 10 tweets • 5 min read
As of today Ethena will be live on @Blast_L2 the L2 with native yield 💥

Read below for a list of our app integrations with USDe 🧵 USDe and sUSDe will be live on @ThrusterFi LP pools paired with USDB

Both pools will receive maximum Ethena allocation with 30x sats alongside Blast Gold and Thruster Credits

Users who then stake in @hyperlockfi will receive an additional 5x sats

app.thruster.finance
Image
May 16 • 7 tweets • 3 min read
To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder

As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract

As a result sUSDe APY = 37.2% Image How does this work?

Currently only 15% of USDe is staked in sUSDe

If entire protocol backing generates ~7%, transferring returns from assets backing unstaked USDe to the staking contract increases effective sUSDe APY - with 20% retained, sUSDe APY rises to ~37%
May 10 • 7 tweets • 3 min read
Ethena 2024 Roadmap: The Holy Grail: Internet Money
Image Summary sections:

i) Why we believe Ethena is important
ii) What we are excited by: USDe convergence of DeFi, CeFi, TradFi
iii) The Ethena Endgame: Money, Network, Exchange
May 3 • 6 tweets • 2 min read
Based on community feedback the $ENA liquidity lock has been simplified to further align incentives for longer term participants

Users can now lock $ENA to receive a scaled sats boost up to 100% based on the amount of $ENA locked relative to USDe positions Locked $ENA will continue to receive the highest rewards at 30x

Doing so will more closely align the growth of USDe with longer term holders

mirror.xyz/0xF99d0E4E3435…
Apr 1 • 8 tweets • 2 min read
Details on Season 2: Sats Campaign 💥

Details in the following tweet: Image mirror.xyz/0xF99d0E4E3435…
Feb 19 • 7 tweets • 3 min read
Announcing the @ethena_labs public mainnet 🌅

Details on our "Shard Campaign" in the following tweet Our one and only landing page for the shard campaign is:



Please do not click on any links that might proceed this thread.

We will note where we finish the thread

There are only 8 steps to collect shards we have listed below:ethena.fi
Dec 15, 2023 • 16 tweets • 6 min read
1/ This week's research update thread covers CeFi vs CME market dynamics, stablecoins, liquid staking and lending markets as part of our regular research updates 🧵 Image 2/ The spread between CeFi futures basis and CME's stayed positive since the end of October, highlighting a strong demand from institutional investors in the midst of spot ETF rumours

Tradfi paying more for their crypto exposure than CeFi
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Oct 25, 2023 • 16 tweets • 6 min read
1/ Presenting a chart thread on derivatives, stablecoins and LST markets as part of our regular research updates 🧵 Image 2/ Starting with a busy derivatives market:

ETH Derivatives volumes rose to their highest levels this year, above the 2023, 2022 and 2021 daily averages with 24hr volumes of over $30bn Image
Jul 19, 2023 • 11 tweets • 3 min read
1/ Ethena is excited to announce our $6.5M seed round led by @dragonfly_xyz, with participation from @cryptohayes and major derivative exchanges

The round is the first milestone in our mission to develop the first scalable stablecoin not dependent on the banking system Image 2/ We’re developing two key products for the space:

The first is a scalable crypto-native stablecoin: $USDe

USDe is fully collateralized onchain and maintains stability through delta-hedging ETH collateral on centralized and decentralized exchanges