TG Telegram Group & Channel
Binance Research | United States America (US)
Create: Update:

Highlights 🧵:
1/ Ethena, a synthetic dollar protocol, has seen rapid growth in the supply of its stablecoin, USDe. Total supply has reached US$415M following the launch of its public mainnet on Feb 19. USDe is a synthetic dollar backed by LST and ETH collateral, hedged by a short ETH perpetual position. Its yield is derived from ETH staking yields and funding rate of its derivatives position. Potential risks of USDe include prolonged negative funding rate on ETH perpetuals, counterparty risk, LST depeg risk, etc.

2/ Notable news include Valkyrie’s introduction of its second BTC futures ETF. Additionally, Andreessen Horowitz has invested US$100M in EigenLayer, the leading restaking protocol by TVL.

3/ In response to community feedback, which raised concerns that the initial plan may have favored early investors unfairly, StarkWare has revised the $STRK lockup schedule to allow for a more gradual release. Meanwhile, Optimism has unveiled Airdrop #4, allocating 10M+ $OP to over 22K unique addresses.

Highlights 🧵:
1/ Ethena, a synthetic dollar protocol, has seen rapid growth in the supply of its stablecoin, USDe. Total supply has reached US$415M following the launch of its public mainnet on Feb 19. USDe is a synthetic dollar backed by LST and ETH collateral, hedged by a short ETH perpetual position. Its yield is derived from ETH staking yields and funding rate of its derivatives position. Potential risks of USDe include prolonged negative funding rate on ETH perpetuals, counterparty risk, LST depeg risk, etc.

2/ Notable news include Valkyrie’s introduction of its second BTC futures ETF. Additionally, Andreessen Horowitz has invested US$100M in EigenLayer, the leading restaking protocol by TVL.

3/ In response to community feedback, which raised concerns that the initial plan may have favored early investors unfairly, StarkWare has revised the $STRK lockup schedule to allow for a more gradual release. Meanwhile, Optimism has unveiled Airdrop #4, allocating 10M+ $OP to over 22K unique addresses.


>>Click here to continue<<

Binance Research






Share with your best friend
VIEW MORE

United States America Popular Telegram Group (US)