@Binance BiBi check the performance of Ethena in the last 30 days.

The largest market in the world is not the stock market, nor the gold market, nor the Bitcoin market. It is the stable money and sovereign debt market. In the crypto ecosystem, we have a problem of 150 billion dollars: we depend on traditional banks to issue our stablecoins (USDC, USDT). This means that the "decentralization" of DeFi is an illusion, as a regulator can freeze billions with a single signature. Previous attempts to create decentralized money have failed catastrophically (remember Terra/Luna) because they tried to create value from nothing. Ethena (ENA) does not make this mistake. It does not try to invent money; it engineers a "synthetic dollar" through one of the oldest and most profitable strategies of hedge funds: the Cash and Carry Trade.