ethena No Further a Mystery
ethena No Further a Mystery
Blog Article
As described, Shards are like factors assigned to consumers adhering to the completion of specified jobs. Even so, these shards encompass several enhancement phases within the Ethena ecosystem, with Just about every phase named an Epoch.
" A substantively equal products that gives permissionless benefit accrual represents the largest sector possibility that copyright can offer to folks globally—A much bigger possibility than possibly risky shops of value, fiat, or RWA-backed stablecoins as they presently exist.
The mix of a different-era stablecoin with insanely higher yields should have sweat trickling down copyright buyers’ backs, bringing them back again to 2022, when Terra/Luna exploded inside a Loss of life spiral, getting the copyright market down with it.
Ethena’s goal is to provide scalable copyright-native money that could address widespread challenges like centralization, lack of transparency, and restricted usage of fiscal devices.
You may simply choose the sum to mint and approve the transaction. What risk mitigation tactics does the Ethena protocol employ?
Ethena is actually a blockchain project intended to tackle a number of the vital difficulties connected with common stablecoins, for example reliance on centralized techniques and constrained transparency.
This initiative aims to “revolutionize collateral management in decentralized finance,” permitting traders to earn rewards when using USDe as margin collateral for derivatives trading.
Ethena Network is our plan to right assistance modern protocols depending on Ethena sUSDe applications, while aligning with the results of these new protocols with the ENa token.
With the entire circulating provide of USDe quickly surpassing $one billion, Ethena declared the tip from the Shards marketing campaign and also the impending airdrop and token generation occasion (TGE) for his or her governance token, ENA, on April two.
The yielding US dollar is the whole world's most critical price savings asset for prosperity preservation, and I think it's the only copyright item aside from Bitcoin that could arrive at a billion people.
Algorithmic Stablecoins — These are typically not backed by any collateral but as a substitute use algorithms and intelligent contracts to manage the supply and demand, thereby stabilizing their cost, in theory. TerraUSD (UST) was such a stablecoin.
The consumer requests to purchase USDe ethena via our dApp interface by picking a stablecoin asset to exchange for USDe.
I quit my work and Started Ethena a couple of days following the Luna crash, and shaped the group several months following the FTX incident.
Liquidation danger is managed by means of low leverage and tight collateral haircuts, but substantial benefit discrepancies amongst supporting assets (like stETH) as well as the hedged deal's underlying asset (like ETH) could even now trigger liquidation.