Ethena’s Prelaunch Futures Surge 22% as ENA Token Is Set To Go Live Next Week
The price surge implied that the token could debut with a market cap of over $500 million.
Ethena
Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply, on April 2.
Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live
The rally in the MNT token pushed the market cap of the blockchain to over $4 billion.
Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks.
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public
Ethena’s USDe “synthetic dollar” is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S.