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Following the recent post outlining the backing diversification of USDe, we have published an analysis of the basis trade on gold perpetuals
Tokenized gold and commodity perpetuals are two of the fastest growing markets in the industry today
Gold funding rates offer an uncorrelated source of return and tend to hold or rise when crypto funding compresses
This post explores how commodity basis trades can complement Ethena's overall basis strategy, with research from Ethena Risk Committee members
Read more below:
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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 below.
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$150 million in $USDm supply on @megaeth
The first Ethena Whitelabel stablecoin to hit 9 figures
MegaEthena 🐇
Ethena has been working closely with affected parties this week in a supporting capacity and is participating with a contribution into @aave's coordinated DeFi relief effort following the rsETH related incident.
As part of a broader recovery initiative alongside other ecosystem participants, Ethena's contribution will go towards restoring the rsETH backing in support of an orderly resolution for stakeholders.
Aavethena.
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