Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

April 5, 2024 CoinDesk

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

Source: https://www.coindesk.com/markets/2024/04/05/ethena-onboards-bitcoin-as-backing-asset-to-make-usde-safer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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