Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin

Ethena is expanding into equity basis trades as its USDe synthetic dollar fights to recover billions in lost supply.

• Ethena is expanding its synthetic dollar, USDe, into equity perpetual basis trades to capture higher yields (up to 17.5%) compared to Bitcoin's current rates (around 2.2%).
• This strategic move aims to rebuild USDe's supply, which has fallen significantly from its peak, and reach the $7.5 billion threshold required for proposed ENA token buybacks.
• The protocol is leveraging the $120 trillion Wall Street stock market, moving beyond crypto derivatives to diversify its yield-generating strategies and potentially surpass crypto perpetual volumes within two years.

Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending

Tags: #ethena #usde #equityperpetuals #yield #basistrades #fundingrates #enabuybacks #cryptoderivatives #wallstreet #syntheticdollar

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