Ethena Ecosystem(@Ethena_Eco):The composition of @Ethena USDe backing today. Five categories make up the backing, each generating rewards uncorrelated with crypto market cycles: crypto basis trades, DeFi lending, institutional lending, real-world assets, and liquid stablecoins. Crypto basis trades now make up just 1% of backing.

Ethena Ecosystem

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Ethena Ecosystem@Ethena_Eco

2026.07.30 13:01

The composition of @Ethena USDe backing today. Five categories make up the backing, each generating rewards uncorrelated with crypto market cycles: crypto basis trades, DeFi lending, institutional lending, real-world assets, and liquid stablecoins. Crypto basis trades now make up just 1% of backing.