Tuesday Apr 09, 2024
Ethena
The ethenadigital's Podcast
New podcast weblog
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Episodes
Episodes
Tuesday Apr 09, 2024
Tuesday Apr 09, 2024
At the heart of the Ethena Network's impact lies its unwavering support for blockchain startups.
Tuesday Apr 09, 2024
Tuesday Apr 09, 2024
It's essential to complete all the required tasks or meet the specified criteria to qualify for rewards in the Ethena Finance Airdrop.
App | Ethena
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
Ethena's synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi.
USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral. The 'Internet Bond' will combine yield derived from staked Ethereum as well as the funding & basis spread from perpetual and futures' markets, to create the first onchain crypto-native 'bond' that can function as a dollar-denominated savings instrument for users in permitted jurisdictions.