Situation Similar to FTX Likely for Ethena's USDe, CryptoQuant Data Suggests
Ethena Labs must bolster its reserve fund to safeguard against potential financial pressures in volatile market conditions.

Ethena Labs must bolster its reserve fund to safeguard against potential financial pressures in volatile market conditions.
Ethena Labs' USDe stablecoin faces scrutiny amid comparisons to Terra's troubled history, prompting reflection on risk management strategies.
Ethena was launched on Binance on April 2 and performed well, attracting widespread attention in the cryptocurrency market. Among them, Arthur Hayes, an early investor, cheered for it on social media, further highlighting its potential influence in the market.
Ethena Labs announces ENA token airdrop on April 2, marking a milestone in decentralization journey. 750 ENA tokens to be distributed to community, with eligibility based on shard accumulation. Vesting schedule for top wallets outlined. Aims to foster community engagement and growth.
The most widely used smart contract platform is waiting for Dencun upgrade and ETF issuance.
Although we recognize Synthetix’s solid leadership in the synthetic track and its deflationary monetary economics, we are worried about its long-term competitiveness with other sustainable assets DEX, and that breakthroughs in TVL and transaction volume growth must rely on new chains.
On February 16, Ethena Labs, the developer of Ethereum-based stablecoin USDe, completed a US$14 million strategic round of financing at a valuation of US$300 million.
Bybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
Yesterday FIS, the banking sector solution provider, announced plans to help central banks to launch central bank digital...
Bored Ape creator Yuga’s Otherdeed launch was the largest NFT mint ever, but are metaverse communities turning into gated communities?