ethena

Ethena's USDe: DeFi Savior or Centralized Time Bomb?

Ethena's USDe: DeFi Savior or Centralized Time Bomb?

Now the entire DeFi world is buzzing about Ethena’s USDe. Another stablecoin, you might yawn. But what makes it attractive is a delta-neutral strategy that shorts perpetual futures against staked ETH. This new way of doing business has amazed both DeFi dreamers and TradFi onlookers just the same. Guy Young,...

Ethena's USDe: DeFi's Hope or a House of Cards?

Ethena's USDe: DeFi's Hope or a House of Cards?

Could Ethena’s USDe be the DeFi savior we’ve all been waiting for? Or is it merely, as many critics have charged, a nicely built illusion, a digital Potemkin village on a sandy substructure? We've all seen the headlines: skyrocketing yields, institutional adoption on the horizon, and promises of a new...

Further Reading