Quick Breakdown: Ethena has submitted a proposal to issue USDH, Hyperliquid's native stablecoin, backed by Anchorage and BlackRock’s BUIDL fund. The plan emphasizes institutional credibility, community revenue sharing, and a guardian validator network for security. Ethena commits $75 million to ecosystem incentives, aiming to scale USDH safely across Hyperliquid’s markets. ...
DeFi is teeming with innovation, offering users permissionless access to lending, trading, and yield opportunities, but its reliance on highly volatile crypto assets continues to raise concerns around long-term stability. One project aiming to solve this is Ethena, the team behind USDe, a synthetic dollar designed to bring scalable, censorship-resistant ...
Ethena, a prominent player in decentralised finance has introduced an ambitious initiative to reinforce its ENA token ecosystem by launching a $360 million buyback programme. This strategic move will be executed through StablecoinX, the project’s newly established crypto treasury arm, marking a significant step towards consolidating ENA as a long-term ...
Bithumb has listed Ethena (ENA) on its KRW market, with trading starting at 6:00 PM KST on February 25, 2025. Deposits and withdrawals for ENA will be available within three hours of the announcement. ENA will only be supported on the Ethereum network, and the base price is set at ...
Ethereum-based decentralized finance (DeFi) protocol Ethena Labs is under investigation following allegations from crypto investigator “Nomad” that its development team engaged in an internal crypto-farming event. The investigator claimed that the Ethena team holds around 25% of the staked ENA (SENA) in its Season 3 farming event, potentially diluting rewards ...
The Ethena Labs community is set to vote on a proposal to integrate Ethereal, a decentralised exchange on the Ethena Network, into its reserve management system. The move aims to boost the "utility and demand" for USDe, Ethena Labs' synthetic stablecoin. A proposal submitted by "Fells0x" on September 30 seeks ...
