| Time | Details |
|---|---|
| 2024-07-16 08:46 |
Significant Growth in USDe Supply Indicates High Yield Potential in Ethena Protocol
According to @KriptoBaykusV2, the Ethena protocol has seen a remarkable increase in the supply of its stablecoin USDe. The supply grew from 1.3 billion at the beginning of 2024 to 3.5 billion by July. This growth suggests that the protocol promises high yields to its users. (Source) |
| 2024-08-01 05:00 |
Amber Group Wallet Increases ENA Holdings Significantly
According to @OnchainDataNerd, a wallet belonging to Amber Group claimed 3.125 million ENA tokens (~$1.29 million) 9 hours ago. Currently, this wallet holds 21.875 million ENA tokens (~$8.82 million) and 19.94 million USDE tokens. (Source) |
| 2024-08-12 08:52 |
Ethena Protocol Provides High Yields via USDe Stablecoin
According to @felixreads, Ethena Protocol offers high yields to users through the issuance of its stablecoin, USDe. This is achieved by holding specific assets such as stETH or BTC while simultaneously shorting an equivalent amount in the perpetuals market. Data from @intotheblock indicates significant activity involving $ENA. (Source) |
| 2024-09-04 03:21 |
Ethena Updates Phase 2 Airdrop Details
According to @ai_9684xtpa, Ethena has updated the details for their Phase 2 airdrop. Key changes include: 1) The previous rule requiring 50% of ENA tokens to be re-staked has been removed, allowing all airdropped tokens to be withdrawn. 2) The USDe balance must be at least equal to the 30-day average balance as of the 09.01 snapshot; otherwise, the airdrop amount will be proportionally reduced. 3) The top 2000 recipients still need to lock up 50% of their airdropped tokens, which will be linearly unlocked over six months. (Source) |
| 2024-09-04 05:55 |
Proportional Reduction in USDe Balance Affects ENA Lock
According to @ai_9684xtpa, an article explains that if a user's USDe balance falls below the minimum required balance, their locked ENA will be proportionally reduced. For example, if a user's USDe balance is 10% lower than the minimum required balance, they will lose 10% of their locked ENA. (Source) |
| 2024-10-03 15:05 |
Ethena's USDE Peg Among the Tightest in Cryptocurrency Space
According to gablahbo, Ethena's USDE peg is recognized for its stability in the cryptocurrency market. Despite differing opinions on Ethena, the metrics for its peg's performance can be monitored on the DeFi Risk platform by IntoTheBlock. This stability is noteworthy for traders interested in stablecoins and their reliability. (Source) |
| 02:10 |
Rune Christensen Liquidates $ENA and $USDe Holdings
According to Spot On Chain, Rune Christensen, the founder of Sky (formerly known as MakerDAO), has sold all his 2.04 million $ENA tokens for 744,000 $USDC shortly after claiming them from Ethena Labs. Additionally, he converted all his 22.08 million $USDe into $USDT a week prior. Christensen was previously one of the largest holders of $USDe, indicating a significant shift in his investment strategy. (Source) |