Ethena Labs received more than $4 million in funding reserves for its treasury within two weeks of going online
According to CoinDesk on March 8th, Ethena Labs' stablecoin USDe has obtained a reserve of $4 million through Ethereum futures financing rates and delegating Ethereum to validators. The project achieved early success with a controversial concept, increasing its reserve to over $16 million and becoming the third largest source of revenue in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — AVNT/USDT!
Crypto Loan Carnival round 24: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Trending news
MoreCrypto prices
More
