According to @secondswap_io, Ethena opened institutional rails in August with direct access via Coinbase Institutional, CoinList’s Earn offering USDe at 12% APY, and cross-chain deployments on Aptos plus integrations across Aave, Gearbox, InfiniFi, and TON; the post also states Ethena has been aggressively building its infrastructure (source: @secondswap_io). According to @secondswap_io, these named channels and rates identify where USDe access and yield are currently available for participants, informing trading-oriented capital deployment and liquidity routing (source: @secondswap_io).