Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
Ethena says it's a decentralized rival to stablecoins reliant on the traditional banking system — but its "synthentic dollar" has drawn unfavorable comparisons to ТerraUSD.
USDe, an "internet bond" backed stablecoin inspired by Arthur Hayes, shrugs off past criticism as it emerges unscathed from the weekend's market turmoil.
USDe, an "internet bond" backed stablecoin inspired by Arthur Hayes, shrugs off past criticism as it emerges unscathed from the weekend's market turmoil.
Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
Ethena says it's a decentralized rival to stablecoins reliant on the traditional banking system — but its "synthentic dollar" has drawn unfavorable comparisons to ТerraUSD.
Startup Ethena picked up on the crypto visionary's idea for a stablecoin that is fully collateralized, yet independent of the traditional financial system. The project has already received funding and onboarded a motivated team.
