Ethena, a DeFi protocol, has made significant strides in the cryptocurrency market with its governance token, $ENA, and its synthetic dollar, $USDe. Ethena's $ENA token launched trading on several major exchanges, including Binance, KuCoin, and Bitfinex, with an initial market cap of $919M and a fully diluted valuation of $9.6 billion, trading at $0.65. The launch was marked by a $500 million airdrop of $ENA, capturing significant attention in the crypto community. Additionally, MakerDAO has proposed allocating $600 million worth of DAI into USDe and sUSDe, highlighting the growing integration of Ethena's offerings within the broader DeFi ecosystem. This move by MakerDAO, coupled with the successful token launch and trading commencement, underscores Ethena's growing influence and the crypto community's confidence in its synthetic dollar protocol and governance mechanisms. Ethena has minted 360.7B Shards, with 750M $ENA distributed, representing 5% of the total supply.
MakerDAO could back a billion Dai with Ethena’s ‘synthetic dollar’ USDe https://t.co/PrywWJ5s8e
send $ENA to $2 with haste https://t.co/UHx4SSk2ez
ENA trading at $11 billion FDV Anyone who invested in the inaugural @echodotxyz deal by @sershokunin two days ago is currently up ~37x
so @ethena_labs airdrops $500MM of $ENA today and the timeline is either silent or fudding it before reading the docs interesting higher I guess https://t.co/WXjdrlenZn
Congrats @ethena_labs on a successful TGE. If this is what $ENA is worth what the market is puking, imagine how high it will go once we resume up only! $ENA = $10 It’s just math yo … https://t.co/rKGW7ofHzi
[Aave] Exploring @aave's Next Steps: A Community Discussion 🧵 1/4 https://t.co/dK2XrFnTDp
Unlock Mantle Ecosystem with mShards! 🔓 mShards are receipt tokens for @ethena_labs Shards on Mantle, paving the way to Ethena's native token $ENA. Mantle is the pioneer ecosystem enabling trading of Ethena Shards (mShards) across diverse DeFi dApps 🚀 https://t.co/GrzKLwqKsU https://t.co/9dgRiULD9f
Ethena team can't stop cookin USDe is becoming the go-to yield-bearing collateral of our space Only a matter of time until everyone is earning 35%+ on their collateral while using it to trade perps, spot margin, etc on all major platforms https://t.co/PgpxbZzxbm
Ethena team can't stop cookin USDe is becoming the go-to yield-bearing collateral of our space Only a matter of time until you can start earning 35%+ on your collateral while using it to trade perps, all in one platform https://t.co/PgpxbZzxbm
Powering Ethena on Mantle ⚙️ RedStone is thrilled to provide $USDe & $sUSDe price feeds by @ethena_labs on @0xMantle. Users can now earn double Sats on USDe and single Sats on sUSDe. Let's explore the details 🧵 https://t.co/McNzI2OgqP https://t.co/sO5Epg7M69
🚀 #ENAUSDT Perpetual Contract is now Live on #Bybit! Trade with up to 25x Leverage. Available on Bybit Trading Bot - Futures Grid. 📈 Trade $ENA: https://t.co/rOW6t2aV0k #BybitTrading #BybitContracts https://t.co/K1YkFh0gc8
Injective users that earned @ethena_labs shards may now be eligible to claim $ENA! 👀 https://t.co/EwBuyqVCrE
Surprise everyone, Ethena season strikes again! Since y'all like the last one so much, we're gonna run it back again with @ethena_labs 🤝 USDe on Ethereum, with a renewed, longer maturity + 20 Sats/day per USDe But hurry up, cap is limited and it's FCFS 🫡 https://t.co/snSyrUknoF
We're thrilled to unveil our partnership with @ethena_labs to bring the first ever $USDe settled perps to @0xMantle ! - $USDe deposits - 20x Sats up to 10M on IntentX - 261+ $USDe perpetual pairs - Yield to offset funding rates Read More 👉https://t.co/xUczXecfaU
$ENA can now be traded with special trading fees here on Bitfinex! ✅ NO fees for makers! Just 4 bps for takers 🔥 Learn about @ethena_labs here: https://t.co/gBvNT3vqga https://t.co/FykCGXPreY
We're kickstarting Ethena season by going #PendleToTheMantle with our friends from @0xMantle and @ethena_labs 💙 For every USDe/YT-USDe in this new pool, users will earn: ✺ 20x Sats/day ✺ 0.0012 @EigenLayer points/day It's USDe (Mantle) on Pendle 🏎️ https://t.co/ppIKqjmMtn
i am excited to see Echo launch, will be interesting to see how the next year goes crypto investment efficiency X creator syndicates will be inviting frens to Zauwy on it, and more importantly slowly curate lesser known individuals and give them a chance for dealflow
Ethena may have the backing of all the big titans in our industry, but we have firsthand experience in all the ways it doesn't work with UXD on Solana. So, I am going to watch it very closely and be ready to play the short side when the time is right. It only exists bcz Ethena… https://t.co/DNWxqeXamx
$ENA is live! I think this is one of the most exciting projects in crypto. Here are the risks as I see them: https://t.co/JuINUyGgQH
$ENA is live! @ethena_labs is one of our highest conviction bets this cycle both @delphi_ventures and personally I believe: - sUSDe will offer the highest dollar yield in crypto at scale - USDe will become the largest stablecoin outside of USDC/USDT in 2024 - Ethena will become…
MakerDAO proposal goes up to allocate up to $600m DAI into sUSDe. Then zeller hits aave with a proposal to delist DAI as collateral. Wonder if this more about risk parameter optimization or horizontal scaling and outcompeting. Would suck if defi ends up as walled gardens.
🧵 Issuing $100 mil DAI to farm USDe is one thing, issuing billions is asking to get hurt. Why does MakerDAO plan to risk it and mint $1 bil DAI to farm Ethena yields? Can DAI depeg when USDe inevitably falls under $1? A bold move or something else? A thread (1/20). 👇 https://t.co/tt1q4WG18r
Ethena is listed in the https://t.co/vCNztATkNg App 🔔 Purchase $ENA easily with USD, EUR, GBP, and 20+ fiat currencies. Download the App to trade #ENA now! 👉 https://t.co/jt6bDD8HsI For more details - https://t.co/OpjsTwVhhH @ethena_labs https://t.co/NMcbWmqlGC
Season 2 of @ethena_labs Sats Campaign is live! 🚀 Earn double Sats on USDe and single Sats on sUSDe by acquiring USDe on Mantle. Easily bridge your $USDe to Mantle through @StargateFinance and leverage $USDe across our DeFi Ecosystem! Here's how to earn Sats in Season 2 👇 https://t.co/1okzGOtm0U
Wormhole is listed in the https://t.co/vCNztATkNg App 🔔 Deposit $W easily with USD, EUR, GBP, and 20+ fiat currencies. Download the App to deposit #W now! 👉 https://t.co/jt6bDD8HsI For more details - https://t.co/CtYlS5Vsl5 @wormhole https://t.co/Lp2GjH5hVp
🟢 Deposits are open for $ENA on Bitfinex! Learn more about the native token of @ethena_labs, the derivative infrastructure provider seeking to transform #ETH into a crypto-native yield-bearing stablecoin. https://t.co/duXavsWx59 https://t.co/ClXzstIelB
🟢 Deposits are open for $ENA on Bitfinex! Learn more about the native token of ethena_labs, the derivative infrastructure provider seeking to transform #ETH into a crypto-native yield-bearing stablecoin https://t.co/duXavsWx59 https://t.co/nFkaZtvrIw
Ethena's governance token, $ENA, just dropped. 🪂 The token is currently trading at $0.63, with a market cap of $900M. Have you claimed yours on @ethena_labs? https://t.co/PxRXNpha7s
[MakerDAO] Exploring the Future of DAI: A Deep Dive into the Morpho Spark DAI Vault Update 🧵 1/6 https://t.co/rJTnKpPwa3
🚨JUST IN: $ENA TRADING GOES LIVE - FDV OF ~$9.5 BILLION
who want to borrow $ENA? @ethena_labs now on @ajnafi https://t.co/Wzc0kT6x11
It's time to discuss USDA backing. No Ethena but a mix of RWAs and DeFi low risk assets (e.g USDC on @MorphoLabs) USDA will be a dual engine by essence, offering the best of TradFi and DeFi low risk yields. https://t.co/XSTCbJNOI6
.@ethena_labs, the DeFi protocol which offers the $1.3 billion yield-earning $USDe, governance token $ENA has now started trading. By @JamieCrawleyCD https://t.co/dKlUTuDgRR
🚨 Some Major news from yesterday🚨 - Ethena $ENA claiming live and to list on Binance today - $dYdX plans to establish a legal entity in the Cayman Islands and dissolve its existing treasury, the dYdX Operation Trust (DOT), to navigate regulatory pressures, especially from… https://t.co/mMXEUlnZ8i
$ENA started trading 1 hour ago and is currently at $0.65, achieving a market cap of $919M and a fully diluted market cap of $9.6B. https://t.co/uOUBvmbToO
Trading is now live for @ethena_labs $ENA on #Binance ➡️ https://t.co/LUzq8TXelg https://t.co/y7xPWNUr13
And so it begins... $W (@wormhole) will be listing on the WOO X spot market tomorrow at 12:00 UTC. 🔥 Deposits for $W are now open - with a 3,000 $USDT prize pool for the first 75 users who register, deposit or trade: https://t.co/MkiXooWkHW
$ENA trading is now live on #KuCoin! 🚀ENA/USDT: https://t.co/OfIF0Rbjb9 Find out more about Ethena in #KuCoinCryptoGem card. #DeFi https://t.co/KlCD7SVx5Q https://t.co/8JNam2jIBI
📢 $ENA (@ethena_labs) is now available for trading on the WOO X spot market. ▶️ Trade now: https://t.co/2NEAKwQ7lR 💰 First 75 users to register, deposit or trade will win from a 3,000 USDT prize pool: https://t.co/F5dftkyqw8 https://t.co/UEBQCEGzIQ https://t.co/wVHyfP1cWQ
Ethena's token launch is happening today. Some quick notes: Annualized revenue 30d: ~$300M (acc to @tokenterminal). As with all stablecoins, the larger the stablecoin supply, the greater the profits to the protocol. In @ethena_labs's case, revenue comes from stETH yield and… https://t.co/hqw2QsMRUo
New Platform #Echo Launches, Aims to Democratize Angel Investing in the Cryptosphere @cobie @echodotxyz #NewsBytes https://t.co/510WsZkEbA
USDe by Ethena will depeg, it's not a question of if, but when. What I did not expect was it taking down DAI with it when it happens. Issuing DAI with USDe as collateral is asking for trouble. Issuing 1B of DAI is making sure you get hurt. AAVE founder is right. @lemiscate https://t.co/2KhcNJt8LP
And so it begins... $W (@wormhole) will be listing on the WOO X spot market today at 12:00 UTC. 🔥 Deposits for $W are now open - with a 3,000 $USDT prize pool for the first 75 users who register, deposit or trade: https://t.co/MkiXooWkHW https://t.co/4ngn8dfG2P
1B $DAI - minted out of thin air (20% of whole supply) -into a non-battle tested protocol -with zero risk mitigation -weak oracles in less than a month -for asset hyper sensible to market conditions is the definition of reckless Will propose LTV reduction of DAI in Aave today
The 50th project on #Binance - @ethena_labs $ENA chose 2 Market Makers @GSR_io and @wintermute_t. 37.5M $ENA transferred to @GSR_io and 15M $ENA transferred to @wintermute_t 👉 52.5M $ENA ~ 3.68% Circulating Supply (1.425B tokens). https://t.co/rM0a86S12j
Big one coming... $ENA (@ethena_labs) will be listing on the WOO X spot market today at 08:00 UTC. 🔥 Deposits for $ENA are now open - with a 3,000 USDT prize pool for the first 75 new users who register, deposit or trade: https://t.co/F5dftkyqw8 https://t.co/oorP7JAH6k
ethena token drops tomorrow right
Get ready for @ethena_labs launch, including CEX Listings, & moon math! $ENA will begin trading April 2nd 8:00 AM UTC Ethena has minted 360.7B Shards 750M $ENA will be distributed, 5% of total supply 480.93 shards per $ENA token @WhalesMarket pre-market tokens at an avg… https://t.co/FrB9x8sL9y
MakerDAO proposes allocating $600 million worth of DAI into USDe and sUSDe https://t.co/HUr0DzFtif
I like the concept of @echodotxyz - a platform that gives smaller investors a chance at early stage venture investing. "Why would a company want hundreds of random people on their cap table?" Attention is the single greatest asset for crypto products. Companies will use Echo to…
Lots of tokens dropping this week @ethena_labs $ENA Apr 2 @wormhole $W Apr 3 @ZeusNetworkHQ $ZEUS Apr 4 Anything else?
Lots of tokens this week @ethena_labs $ENA Apr 2 @wormhole $W Apr 3 @ZeusNetworkHQ $ZEUS Apr 4 Anything else?
[Aave] Exploring @aave's Next Steps in Risk Management 🧵 1/5 https://t.co/6MBYlyjaJ4
[Rocket Pool] Exploring @RocketPool_Fi's Future: A Deep Dive into Tokenomics and Governance 🧵 1/6 https://t.co/WOwvwwwklh
1/2 Not a joke: You can get up to 8.3x Ethena's sUSDe yield on Fluid. Realistically, you can expect 1.5x to 2x APR increase to the original sUSDe yield, depending on vault utilization rate. Then there's Ethena's Shards, recently rebranded to Sats for adding BTC collateral... https://t.co/pbh4X7e2Ww
Earn @ethena_labs Sats on Mantle starting April 2 🚀 Bridge your $USDe to Mantle through @StargateFinance and start using $USDe across our DeFi Ecosystem! Featuring key ecosystem partners: @MerchantMoe_xyz, @InitCapital_, @pendle_fi, @IntentX_, @native_fi, @StargateFinance… https://t.co/wCFD1mUucl
TLDR: @ethena_labs Sats Campaign on @0xMantle will kickoff tomorrow (2 Apr 2024) Hold $USDe on @0xMantle 2x Sats Hold $sUSDe on @0xMantle 1x Sat @pendle_fi : 20x sats per USDe held in $USDe YT or LP position. @eigenlayer points: 0.0012 EL per $USDe/ day (Yes you get EL… https://t.co/LmoeE4vTD7
[GMX] Exploring the Future of @GMX_IO Governance: A Community-Driven Approach 🧵 1/5 https://t.co/OFLYmgKZzB
[SafeDAO] Exploring the Future of SafeDAO: A Dive into Token Transferability 🧵 1/5 https://t.co/LQCfriwvRQ
The Pendle Ethena (USDe) YT pool is probably going to go down as one of the best plays of 2024. A month's window to capture what looks like could be anywhere from 25-50X gains. https://t.co/Vz6o9PurlB
With season 1 of the Ethena shard campaign having concluded, I created a quick return-sheet. $ENA pre-market trading at $9.5b on @aevoxyz right now. Will be interesting to see what it launches at tomorrow. With a conservative FDV expectation (<10b), seems I'll be getting a… https://t.co/76CMr3hBpF
🌊 Latest #Binance Launchpool @ethena_labs joins Manta Restaking Paradigm! 🔗 Stake with Ethena: https://t.co/YuTXJ0DyF8 ✅ Stake your USDC or USDT to accumulate staking yield and Ethena Sats! 🌟 14x Sats for holding USDe less than 7 days. 🌟 20x Sats for holding USDe over 7… https://t.co/gnrovTYocF
Dropping a token today
Haha guys I'm dropping a token today, get it? It's April fools LMAO haha...
ECHO USERS CLOSE FIRST DEAL WITH $300K INVESTMENT IN ETHENA Despite being in beta, Echo's users managed to close their first deal within three hours, investing $300,000 in the "synthetic dollar" protocol Ethena. Participants in the deal were able to buy in at Ethena's previous… https://t.co/MxV7edjxMF
[Gitcoin] Exploring @gitcoin's New Governance Process: A Leap Towards Decentralization and Community Empowerment 🧵 1/5 https://t.co/2ZfNKCqLby