Ethena Labs
@ethena_labs
// Enabling Internet Money_
2 Following    238.4K Followers
everyone wants to know what we'd say if we didn't reach $10b supply i guess we'll never know https://t.co/yJLnscT64M
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Introducing Liquid Leverage, a new Ethena integration on money markets enabled by partners, launching first on @aave 👻 Users can now deposit 50% sUSDe & 50% USDe into Aave and earn promotional rewards for USDe (currently ~12% APY), in addition to the normal USDe lending rate and sUSDe's native APY
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12% sUSDe APY with $7 billion USDe in circulation The future is so bright https://t.co/FJdyYpKWPM
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Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin
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StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation Equity markets will now have direct access and exposure to the most important emerging trend in all of finance: The growth of digital dollars and stablecoins. To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation. Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders. The planned deployment schedule is approximately $5m daily from today over the course of the next 6 weeks. At current prices $260m represents roughly 8% of circulating supply. Importantly, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Ideally, tokens will never be sold with a sole focus on accumulation. To the extent StableCoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA. StableCoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StableCoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.
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USDe supply is back to all-time-highs >$6,000,000,000 We are now entering supply discovery, please fasten your seatbelts https://t.co/DGnMTmCCg5
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sUSDe APY: 10% ✨ For the first time since January, sUSDe APY is back to double digits Setting a new benchmark rate for the industry, there are plenty of Ethena opportunities to take advantage of today https://t.co/Xlod7eal0x
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Introducing the product for a billion people: Today we announce our partnership with @ton_blockchain to power finance's most powerful use case: To send, save and pay with a globally accessible dollar Internet money, now available for @Telegram's billion users Details below: https://t.co/oFjUvVX1CN
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Introducing @convergeonchain: The settlement network for traditional finance and digital dollars, powered by @ethena_labs and @Securitize Our vision is to provide the first purpose built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA
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