Coin Signals X

Ethena Labs has put forward a governance proposal to replace the synthetic dollar protocol's static 7-day sUSDe unstaking cooldown with a dynamic model that adjusts based on the composition of $USDE 's backing assets.

The proposed framework would introduce cooldown periods of 1, 3, 5, or 7 days, depending on how $USDe's reserves are allocated at any given time.

The timing is notable. Ethena's deployed capital has fallen to just $791 million, a decline of over 85% from its all-time high. The contraction reflects broader risk-off market conditions, with bulls and bears now nearly evenly matched in the derivatives market, an unusual condition that has made the basis trade far less profitable.

That collapse in demand for long leverage is what makes this cooldown proposal viable. The authors note that at the start of 2025, roughly 93% of $USDe's backing was in perpetual futures positions, making the 7-day window a reasonable safeguard. Today, perpetual futures account for just 11% of backing, with 89% now held in liquid stablecoins and lending positions that are currently outperforming funding rates.

$USDe's market cap fell sharply following the October 10 crash, losing over $5 billion as investors rushed to redeem. The episode served as a major stress test, and the protocol's ability to meet redemptions during that period is cited in a Blockworks Advisory analysis on the forum as evidence that the system performs well under pressure.

The proposal also includes safeguards to prevent the shorter cooldown from creating problems during sudden stress events. If daily unstaking requests exceed twice the 14-day rolling average while 3-day coverage simultaneously falls below 1.5x, the cooldown automatically extends by one day.

In short, with the protocol now sitting on a much more liquid reserve base, the argument is that locking users into a week-long wait no longer matches reality.

The protocol’s $ENA token was mostly unchanged on the news, trading at around $0.10, or a $900 million market capitalization, according to Coingecko. However, it’s already down more than 50% this year.

Privacy is becoming one of the most important topics in the blockchain space. Many networks focus on transparency, but true adoption of Web3 will require solutions that also protect sensitive data. This is where @MidnightNetwork is gaining attention.

@MidnightNetwork is designed to bring confidential smart contracts and privacy-focused infrastructure to the blockchain ecosystem. By allowing developers to build applications where data can remain private while still being verifiable on-chain, Midnight Network could unlock new possibilities for industries such as finance, healthcare, and enterprise systems.

The native token $NIGHT is expected to play a key role in this ecosystem. It may be used for network participation, governance, and powering various activities within the Midnight Network environment. As interest in privacy-preserving technologies grows, projects like Midnight Network could become an important part of the future Web3 landscape.

Many investors and developers are now watching the progress of $NIGHT T closely, as privacy-focused blockchains are becoming a major narrative in crypto. If the ecosystem continues to expand, @MidnightNetwork k could emerge as a strong player in the next generation of decentralized technology.

#night

Artificial intelligence and blockchain are two of the most powerful technologies shaping the digital future. Projects that combine these technologies have the potential to transform how data, intelligence, and decentralized networks interact. One such project is @Mira - Trust Layer of AI , which is building a decentralized AI ecosystem powered by the $MIRA token.

The goal of Mira Network is to create an open and transparent infrastructure where AI systems can operate on decentralized networks. This approach can improve trust, transparency, and accessibility for developers and users who want to build AI-powered applications without relying on centralized platforms.

The $MIRA token plays a key role within this ecosystem. It can be used to support network participation, incentivize contributors, and help power services within the Mira infrastructure. As interest in decentralized AI continues to grow, Mira Network could become an important player in this emerging sector.

By combining blockchain security with the capabilities of artificial intelligence, @Mira - Trust Layer of AI is exploring new ways to build smarter and more open digital systems.

$MIRA
#Mira

The blockchain ecosystem continues to evolve with new technologies that combine automation, artificial intelligence, and decentralized infrastructure. One of the interesting projects in this space is the Fabric Foundation ecosystem, which is introducing innovative tools designed to support the next generation of Web3 applications.

The $ROBO token plays an important role in this ecosystem. It is designed to power automation tools, decentralized services, and smart infrastructure that can help developers build more efficient blockchain applications. As the Web3 space grows, projects like Fabric Foundation aim to simplify development and create intelligent solutions that reduce complexity for users and developers.

By integrating advanced technologies with decentralized networks, the Fabric ecosystem could open new possibilities for automation and digital collaboration. The growing attention around shows that the community is interested in how decentralized automation will shape the future of blockchain.

As more builders and innovators join the ecosystem, may continue to gain attention as an important utility token within the Fabric Foundation network.

@Fabric Foundation
$ROBO
#ROBO

In the rapidly evolving world of Web3, scalability and reliability are the two biggest hurdles. Mira Network is tackling these challenges head-on by providing robust infrastructure that developers can actually rely on.
The $MIRA token sits at the heart of this network, driving the incentives and security necessary for a truly decentralized environment. What I find most interesting about @Mira - Trust Layer of AI is their approach to interoperability and ease of use for dApp creators. By focusing on the "plumbing" of the blockchain world, Mira is ensuring that the next wave of crypto adoption has a solid foundation to build upon. Whether you're a developer or an enthusiast, $MIRA is definitely a project worth following closely this year.
Tag: @Mira - Trust Layer of AI
Token: $MIRA
Hashtag: #Mira

Fabric Foundation is setting a new standard in the intersection of blockchain and real-world automation. By leveraging the power of $ROBO , the project aims to decentralize the way we think about robotics and fabrication.
What makes this project stand out is its commitment to creating a seamless bridge between digital assets and physical production. As we move toward a more automated world, the utility of $ROBO within the Fabric Foundation ecosystem becomes increasingly clear. This isn't just another token; it’s a vision for a more scalable and accessible industrial future. I’m looking forward to the upcoming milestones and seeing how the community continues to grow.
Tag: @Fabric Foundation _foundation
Token: $ROBO
Hashtag: #ROBO