8
@n2ckchong
Nick
Skipped detailed analysis: Personal account of an individual employee/team member at Ethena, not a project, protocol, or investable entity itself.
AI Analysisneutral
Confidence
30%
Skipped detailed analysis: Personal account of an individual employee/team member at Ethena, not a project, protocol, or investable entity itself.
Recent tweetsSee all on 𝕏 →
How can chains make 8/9-figs and support their token when blockspace is fully commoditized? Stables
The top 30 chains would boost their revenue by 900% if they owned the interest income generated by stablecoins they host
$11 billion (interest income) vs. $1.2 billion (tx fees)
Ethena Whitelabel will be bigger than anyone is anticipating:
- @megaeth, one of the most anticipated L2s
- @SuiNetwork, the most valuable L1 launched this cycle
- @JupiterExchange, a gateway to memecoin trading and one of Solana's biggest apps
- More to come...
Ethena Everywhere
12% APR on USDe on Binance across USDe holdings/collateral on your Spot, Funding, and Margin accounts
Now what if you could loop this up...
At a 5x loop, that's 38% APR on liquid USDe https://t.co/kJUdT1Yb8K
Today wraps the most consequential 7 days in Ethena’s history:
- $530m raise for @stablecoin_x
- MegaUSD (@megaeth)
- USDe on @binance
- HyENA (USDH prop, @BasedOneX @liminalmoney partnerships)
Not every week will be this exciting, but let it be known:
job's not finished
We are very excited to be unveiling MegaUSD, MegaETH's native stablecoin
USDm will power some of the best apps coming out of @megaeth, including @euphoria_fi, @avon_xyz, @wcm_inc, & more
All USDm TVL will feed back into growth for our USDtb product, then potentially USDe later
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