ethena_labs

Ethena Labs said it’s confident the Solana integration will significantly increase the adoption of its USDe stablecoin.The company has also added SOL as a backing asset.
Ethena Labs has announced that thanks to a new integration, users can buy and sell its USDe stablecoin on Solana
The company said it "is confident that this integration [with Solana] will significantly increase the adoption of USDe and sUSDe, providing a whole new market of traders with a reward-accruing asset in sUSDe that substantially improves upon the traditional stablecoin experience," according to a statement.
Ethena has also added SOL as a backing asset. In April, Ethena Labs added bitcoin as a backing asset for its "synthetic dollar," which currently has a market capitalization of over $3 billion, according to The Block Price Page.
"In addition to increasing the strength and security of USDe’s backing, this will unlock $2 to $3 billion in additional open interest in the SOL futures market, allowing USDe to continue scaling," Ethena said in its statement, adding that since adding bitcoin as a backing asset, USDe's circulation has grown by more than $1 billion.
Unlike other stablecoins, like market-leading USDT and USDC, Ethena’s USDe token uses a mechanism that isn’t dependent on direct fiat or tangible asset backing. Ethena instead employs derivative hedging strategies with collateral positions involving ether and bitcoin and an arbitrage system for minting and redeeming to sustain its U.S. dollar peg.
USDe experienced nearly $100 million in redemptions a few days ago, likely the result of a broader market selloff that saw bitcoin fall under $50,000.
#Ethena! #ethena_labs #Solana_Blockchain #StablecoinNews #Stablecoins
$SOL $ENA $BTC

No mercado de criptomoedas, se posicionar cedo em ativos e protocolos promissores é o que separa o investidor visionário do que apenas reage às manchetes.
Ao analisar os setores e narrativas do mercado, fica claro que o próximo grande catalisador está surgindo bem diante dos nossos olhos:
O ecossistema DeFi está prestes a viver sua fase mais promissora e, paradoxalmente, isso se deve à regulamentação iminente nos EUA.
Nos Estados Unidos, a regulamentação do ecossistema DeFi está avançando em direção a um modelo que busca equilibrar inovação tecnológica com responsabilidade legal. A tendência é que a legislação defina categorias específicas para protocolos descentralizados, distinguindo-os de entidades centralizadas, e aplique regras proporcionais ao nível de custódia, risco sistêmico e controle exercido.
Durante anos, a descentralização foi vista como o oposto da regulação, mas o amadurecimento do mercado mostrou que transparência, segurança jurídica e interoperabilidade são ingredientes essenciais para que o capital institucional entre de vez no jogo.
Protocolos como Ethena Labs, que combinam engenharia financeira com yield real e sustentável, estão mostrando ao mundo que é possível unir inovação DeFi com solidez estrutural. E a regulação não representa uma ameaça, mas um selo de legitimidade.
À medida que a SEC e outras entidades avançam em diretrizes mais claras, o DeFi irá atrair bilhões em liquidez institucional; ampliará seu uso no mercado global de capitais; será reconhecido como infraestrutura financeira de próxima geração.
DeFi não é só o futuro do dinheiro. É o presente das finanças e está pronto para escalar.
A Ethena Labs é uma plataforma DeFi inovadora que introduziu o USDe, um "dólar sintético" baseado na blockchain Ethereum e, diferente das stablecoins tradicionais, o USDe não depende de reservas fiduciárias, mas sim de uma estratégia de hedge chamada delta hedging, que utiliza posições vendidas em derivativos para manter a paridade com o dólar americano.
A Ethena Labs apresenta uma abordagem inovadora no espaço DeFi, oferecendo rendimentos atrativos através de mecanismos financeiros sofisticados e, certamente, será um dos principais projetos posicionados nesse ecossistema das Finanças Descentralizadas.
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#ethena_labs #defi
$ENA

According to data from The Block, the trading volume of Bitcoin spot ETFs reached 111 billion US dollars in March, three times the total trading volume of 42.2 billion US dollars in February. The three Bitcoin spot ETFs issued by Grayscale, BlackRock and Fidelity continue to dominate trading volume. Grayscale's GBTC fund has had a total outflow of over 15 billion US dollars since trading began in January. In terms of US dollars, BlackRock and Fidelity's spot Bitcoin ETFs managed assets of approximately 18 billion US dollars and 10 billion US dollars respectively last month.
#ethena_labs

In a bold move toward unifying decentralized finance (DeFi) with traditional finance (TradFi), Ethena Labs, the creator of the synthetic stablecoin USDe, and financial tech firm Securitize have revealed their preliminary roadmap for a new blockchain initiative named Converge. Announced via Cointelegraph, the project is poised to become a critical infrastructure layer for the next generation of digital finance — one where real-world assets (RWAs) and permissionless DeFi applications coexist seamlessly.
Converge: High-Performance Meets Hybrid Finance
The Converge network is engineered for scale. With a native block time of just 100 milliseconds, and ambitions to reduce that even further to 50 milliseconds by Q4 2025, the network aims to deliver ultra-fast transaction finality. According to the roadmap, testnet deployment is expected in the coming weeks, with the mainnet launch slated for later in 2025.
On the technical front, Converge is aiming for a throughput benchmark of one gigagas — meaning it intends to process billions of gas units per second. If achieved, this would make it one of the fastest and most scalable networks built to date, capable of supporting complex financial applications and tokenized real-world instruments.
Bridging Two Financial Worlds
What makes Converge stand out is its dual-purpose architecture. It’s being built to accommodate both permissioned applications — such as tokenized bonds, equities, or funds operated by regulated financial entities — and permissionless DeFi protocols that embody the open-source ethos of blockchain.
This strategic convergence is timely. As the lines blur between crypto-native systems and traditional finance, projects like Converge may offer the infrastructure necessary to support the evolving needs of both sectors.
However, this blending of TradFi and DeFi has sparked debate within the crypto community. While some view it as the natural next phase of blockchain evolution, others express concern over potential centralization and institutional overreach.
The Institutional Perspective
Institutional voices are also weighing in. In a recent interview, Franklin Templeton CEO Jenny Johnson highlighted the need for regulatory clarity as a crucial step toward harmonizing traditional and decentralized finance. She stressed that clear frameworks would not only reduce operational friction and costs but also unlock new avenues for innovation.
Privacy concerns and legal uncertainties remain barriers for institutions entering DeFi, but industry leaders suggest these challenges are already being addressed.
Shibtoshi, founder of the privacy-focused trading platform SilentSwap, shared with Cointelegraph that many of these roadblocks are being actively tackled. He noted that institutional engagement with DeFi has been rising for years, citing reports from 2021 that found nearly one-third of institutional crypto investors were already leveraging DeFi protocols — a number likely to have increased since.
What’s Next for Converge?
As anticipation builds around Converge’s testnet launch, the project signals a transformative step toward a hybrid financial future — one where blockchain-powered innovation meets regulatory readiness and real-world utility.
Whether Converge becomes the cornerstone of this convergence will depend on more than just speed and scalability. Its ability to balance compliance with decentralization, performance with accessibility, and institutional adoption with community trust will define its legacy.
One thing is certain: the race to merge TradFi and DeFi is on — and Converge just entered the arena.

#ethena #Ethereum #ethena_labs

這幾天Ethena與Spark的合作提案有可能會助推USDe站上第三大穩定幣，筆者想透過本篇文章簡單解析一下這個提案
Spark是甚麼？
Spark是Sky(原MakerDAO)旗下專注於穩定幣流動性的借貸型subDAO，目前管理高達62億美元的穩定幣流動性
提案對於Spark有什麼影響
根據提案文檔資料，過去Spark主要透過Morpho借貸來獲得USDe曝險，在風險管理的考量下，曝險的比例相對較小。
透過這次直接與Ethena合作，將有利於Spark：
獲得更好的收益率(與sUSDe有關)風險變得更可控(Ethena將提供短於七天的贖回時間)操作性更高(可以直接透過Ethena合約將USDC部屬到USDe和sUSDe)
提案對於Ethena有什麼影響
將會獲得高達11億美元流動性注入到USDe及sUSDe(目前USDe市值58億美元)新增的流動性能使Ethena獲得更多操作空間，有利於賺取收益新增的流動性將能助推USDe市值進一步提高，可能超過第三大穩定幣DAI
總結
雖然此合作案對於散戶參與者而言直接關聯性較小(與ENA幣價、空投的關聯性較低)，但是多數用戶是藉由穩定幣USDe、sUSDe參與Ethena生態，因此了解Ethena整體發展及穩定幣USDe的現況還是很重要。
畢竟沒有人會想再經歷一次穩定幣協議崩盤、穩定幣價格脫錨吧！
這些合作案都再再的顯示Ethena逐漸在多鏈的市場中成為底層根基，這也使得USDe要遭遇極端問題的可能性降低，對於我們散戶投資者來說，能增加我們安心持有USDe的信心。

題外話，最近一段時間追蹤Ethena的動態後，真心感覺到這個團隊在商業模型運作跟精進的能力很強。從我新創孵化的經驗來看，我對Ethena的信賴程度提高不少，後續也還會持續跟進它的更新(我覺得是一個很好的商業案例)，有興趣的夥伴，歡迎Follow、一起討論！
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※想參與Ethena第三季ENA空投的夥伴可以使用我的code：
eu54u
※以上內容皆不構成投資建議，請用戶根據自身的風險承受能力進行操作，DYOR謹慎參與投資市場。
※附圖取自Spark Mirror
#ethena_labs #Spark #USDe $ENA

CEO of Galaxy Digital, Mike Novogratz, said that the US debt crisis has made it "so easy to convince people to buy Bitcoin and other hard assets". As warnings about the US debt crisis continue to increase, some investors are exploring Bitcoin as a potential hedging tool. Mike Novogratz is a staunch supporter of Bitcoin. He recently predicted that BTC will reach $100,000 this year.
#ethena_labs

#ethena_labs
In a significant development today, Ethena Labs revealed the departure of its Head of Growth, marking a pivotal moment in the company’s trajectory. After leading the firm through a period of rapid expansion and groundbreaking advancements in the DeFi sector, the Growth Head has decided to step down for personal reasons, citing a need for rest and rejuvenation. Over their tenure, Ethena Labs experienced remarkable achievements, transforming the financial landscape with innovative solutions that captured the attention of global markets.

The outgoing Growth Head’s leadership was integral in scaling #EthenaLabs ’ operations, forming strategic partnerships, and establishing a strong connection with an international audience. Their strategic vision played a key role in driving the company’s rise as a DeFi leader. In a statement shared with the team, they underscored the significance of focusing on mental and physical well-being, stressing that taking this time off will allow them to recharge and explore new opportunities.

As Ethena Labs looks ahead to its 2024 roadmap, which promises even more cutting-edge projects and innovations, the departure is viewed as an opportunity for fresh leadership and renewed focus. The company’s vision remains strong, with a dedicated team in place to continue pushing boundaries in the DeFi space. The transition reflects Ethena Labs’ commitment to continuous growth, innovation, and adaptability as they prepare to unveil new initiatives that will further cement their position in the industry.

We extend our gratitude to the departing Growth Head for their exceptional leadership and contributions. Their impact on the company and the DeFi space will be felt for years to come. As Ethena Labs moves forward, the journey continues with renewed energy, promising even more exciting developments on the horizon. Stay tuned for what's next!
#ethena_labs #ETHETFsApproved

Sam Bankman-Fried, the founder and former CEO of the now-defunct crypto exchange FTX, expressed remorse for his actions in an email interview with ABC News from the Metropolitan Detention Center in Brooklyn. Bankman-Fried was recently sentenced to 25 years in prison for fraud and conspiracy charges. He acknowledged that he made bad decisions that led to FTX's insolvency in 2022 and expressed frustration at not being able to do more to repair the damage from prison. Bankman-Fried's defense team plans to appeal the sentence, citing misstated trial testimony and the exclusion of crucial evidence and witnesses.
#ethena_labs