Ethena Labs, the firm behind the USDe stablecoin, currently offers an annual yield of 17.2%, a rolling average over the past seven days, to investors
Ethena Labs, the firm behind the USDe stablecoin, currently offers an annual yield of 17.2%, a rolling average over the past seven days, to investors that stake USDe or other stablecoins on the platform. The yield is created from a tokenized “cash and carry” trade that involves purchasing an asset whilst simultaneously shorting that asset to rake in funding payments.
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