Ethena

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Bitcoin News / Bitcoin.com - 1 year ago

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin...

Cryptocoins News / Blockchain  - 1 year ago

Fantom (FTM) Andre Cronje Raises Alarm Over Ethena's USDe Stablecoin Risks

Fantom founder Andre Cronje voices apprehension about USDe stablecoin's sustainability, invoking fears of a Terra-like collapse. (Read More)

Bitcoin News / Bitcoin.com - 1 year ago

Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz

Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boas...

Cryptocoins News / Blockchain  - 1 year ago

Ethena Labs Airdrops $450M in Tokens, Largest Wallet Nets $2M

Ethena Labs has completed a massive $450 million token airdrop, with the top wallet receiving $1.96 million in Ethena tokens as they hit major exchanges. (Read More)

Bitcoin News / Bitcoin.com - 1 year ago

Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena

Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before...

Bitcoin News / Bitcoin.com - 1 year ago

Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was...

Bitcoin News / Bitcoin.com - 1 year ago

Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign

Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of t...

Cryptocoins News / Blockchain  - 1 year ago

Binance Launches Ethena (ENA) on Launchpool for Farming ENA Tokens

Binance, the popular cryptocurrency exchange, has introduced Ethena (ENA) on its Launchpool platform. Users can now participate in farming ENA tokens by staking BNB and FDUSD. The farming period will last for three days, starting from March 30, 2024....

Bitcoin News / Bitcoin.com - 1 year ago

Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns

According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has exp...