

Corentin
997 posts

@realcocopark
https://t.co/h3eY47TqZs / https://t.co/56yXkrvB28







🔴 After the Aavethena success, a new contender enters the @ethena lending loop. @JupiterExchange just announced the launch of the Ethena market curated by @Bitwise. The strategy uses $USDe as collateral that loops into $USDG to provide an increased yield for the loopers. Users can use up to 12.3x leverage with a potential final APY of 43.8% with a 91.87% LTV. This is an isolated market that does not affect the rest of the Jupiter Lend product. $USDe supply is sitting near its cycle low at $3.97B, down from $14.8B at peak. But top-tier protocols on both EVM and Solana keep choosing it as the premier loop asset. Aavethena, now Jupiter. Each new integration is a reason for that supply to climb again. With new strategies expanding USDe's utility and the broader market recovering, we expect $USDe's supply to rise again and provide a more interesting yield to holders and loopers.

We just onboarded a multi-billion-dollar crypto asset manager to deploy an institutional-grade lending market. @Bitwise is now curating an @ethena market on Jupiter Lend. A turning point for on-chain lending 👇




USDe reserves are evolving: reducing concentration and building resilience across market cycles with a diversified collateral base. Four additions to the collateral backing are detailed below for consideration by the risk committee, each a natural extension of existing Ethena allocations: → Overcollateralised institutional lending → High quality liquid RWAs beyond TBills → Equity & commodity basis exposure → Prime lending Read more below on proposed updates:

I got some @Ethena merch, so I made a fun little video about it. There were hoodies, t-shirts, a Bluetooth speaker, fleece, socks, a phone case, keychains, and more. Hope you enjoy the video❤️ Drop your size and see which size most people prefer!




Here's what happened in April @ethena: • Announced a planned diversification of $USDe backing. • USDe was listed on @aave's @megaeth instance. • Crossed $600m in Ethena Whitelabel stablecoin supply across USDm, jupUSD, and suiUSDe, with more to come. • @BitGo integrated Ethena-powered dollar savings for institutional clients. • @krakenfx became the first US exchange to support Ethena rewards on $USDe. • Partnered with @lifiprotocol on LI.FI Earn, a new product enabling any wallet, app, or fintech to offer onchain savings to their users. • Launched new Ethena pools on @pendle_fi across the full range of Ethena assets. • @origami_fi launched a new vault built on Ethena assets. • @3janexyz added Ethena assets to their credit-based money market. • $BASED claiming for all eligible sENA holders went live. • $4m in rewards distributed to reUSD and reUSDe holders in under a year via @re. • @etherealdex began alpha testing Ethereal Predict, a USDe native prediction market • Opened new roles. ethena.fi/careers • Operated through the rsETH incident without any issues - billions in $USDe mint and redeem flows handled cleanly, with Ethena contributing to the recovery. Onwards.






Ethena Whitelabel stablecoins just crossed $200m in total supply for the first time, now sitting at $240m across USDm, jupUSD, and suiUSDe collectively. From $0 to $240m in 3 months