😀 Ethena is broadening real-world asset (RWA) exposure.
Following the recent post outlining the backing diversification of USDe, we have published the next phase of that work: broadening RWA exposure beyond tokenized T-Bills.
The first asset category under evaluation is AAA CLOs, which sit at the top of the capital stack, with a zero default rate at the AAA level across the entire history of the asset class.
The allocation helps diversify the sources of revenue for Ethena across market cycles.
Ethena is partnering with Coinbase.
Together, we'll grow onchain finance and savings products for Coinbase's 100m+ users.
Our first product launch under this partnership goes live next week. Stay tuned for details.
Alongside this partnership, Coinbase Ventures has made an investment into ENA on the open market.
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Manifest has chosen Ethena to back USH, its real estate-backed token.
Manifest joins Ethena's Whitelabel partners Jupiter, MegaETH, Sui, and others in choosing Ethena's battle-tested assets as the foundation for their own products.
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Learn more about Ethena Whitelabel
ENA goes live on Solana today via Sunrise
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Accelerate
Jupiter Lend has grown into one of the largest lending venues on Solana within months of launch.
Today, Ethena Labs joins the platform with its own dedicated market.
The Ethena market on Jupiter is fully isolated from the existing Jupiter Lend deployment, and curated by Bitwise Asset.
Learn more.
Find the market here.
We've published a security blog post on the recent rsETH incident.
The post details what happened, our response, and the design decisions made beforehand that protect USDe.
Read it here
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$150 million in $USDm supply on MegaETH
The first Ethena Whitelabel stablecoin to hit 9 figures
$240 million across all Ethena Whitelabel stablecoins
Update: USDe reserves are evolving - reducing concentration and building resilience across market cycles with a diversified collateral base.
Here's what's changing.
Update: If you held sENA and accrued Based Points, you can now claim your $BASED allocation on the Based Foundation portal.
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Today, Aave announced the launch of Aave V4.
Ethena will have a dedicated ecosystem environment at launch with two Spokes, the most of any individual ecosystem.
sUSDe, USDe, PT-sUSDe, and PT-USDe supported as collateral.
Learn more here.
Aavethena 👻
We've published a blog post on the recent Resolv USR incident.
It covers what happened, why offchain trust assumptions matter, and the design principles Ethena adopted from inception to prevent similar outcomes.
Read it here.
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News: Privy has integrated Ethena-powered savings as a core part of its wallet infrastructure powering 120m+ accounts.
Any app or platform building on Privy can now seamlessly offer sUSDe rewards that accrue automatically over time.
Important update for USDe:
The sUSDe unstaking cooldown period will transition to a dynamic model, tied to the amount of liquid stablecoins in the backing of USDe.
This means that the current sUSDe unstaking period will shift to just 1 day from the static 7 day period previously in place since inception.
Cooldown periods will vary between 1-7d periods going forward based on the composition of USDe backing in more liquid assets.
Ethena is live on Tydro on Ink 🐙
Users can deposit sUSDe and USDe as collateral to earn rewards
NEWS: USDE-USDH PERP LIVE ON FELIX
FTX first popularised the USDT-USD perpetual where traders could bet against the solvency of USDT.
On the other side, those who were long consistently collected 10%+ APY on funding from the naive truthers betting on the downfall of Tether.
Felix Protocol has launched the first USDe perpetual where you can now do the same.
Ethena has expanded its partnership with Anchorage.
As part of this expansion:
- Ethena will advance its institutional investment lending through Atlas Collateral Management
- Anchorage will serve as collateral manager for Ethena's loan assets, with borrower collateral held in regulated custody at Anchorage
The expansion builds on Anchorage's existing role as issuer for our whitelabel stablecoin products.
New 😀Ethena Monthly Recap
Here's what happened at Ethena in May
Following the planned diversification of USDe's backing, the transparency page has been updated to show a more detailed breakdown of reserves.
Assets will continue to be added as new allocations are proposed and approved by the risk committee.
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Ethena Transparency Page
A dedicated Ethena market is now live on Kamino, with an accompanying vault in partnership with Sentora.
Together with integration with other top Solana apps, USDe denominated activity is now coming to Solana DeFi at scale for the first time.
Learn more.
Find the market here.
Following the recent post outlining the backing diversification of USDe, we have published an analysis of the basis trade on gold perpetuals
It explores how commodity basis trades can complement Ethena's overall basis strategy
Read it here
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BitGo enabled USDe rewards
USDe holders on BitGo, custodying $100b+ in assets, now earn rewards on their balances automatically
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Kraken has enabled USDe rewards.
Users holding USDe on Kraken now earn 4.25% APY automatically.
The first US exchange to offer Ethena-powered savings.
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Based Airdrop Update
sENA holders with accrued points will be able to claim their $BASED tokens
Eligibility & How to Claim
New look for 😀 Ethena Whitelabel, our stablecoin-as-a-service platform.
Explore here
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News:
USDe on WalletConnect Pay.
This will allow merchants and platforms building on their wallet infrastructure to offer USDe payments at checkout.
S4 HyENA Airdrop Claim Update
Final ENA distribution for Season 4 claims on HyENA: March 16th.
If you haven't met the requirements yet, you still have time.
Mint & redeem USDe on HTX
Daily rewards on your balance
24/7/365
