Ethena Labs’ USDe Increases Rewards to Users by 50%
Ethena Labs has recently announced a significant boost in rewards for its users. As part of its “season 2” initiative, the platform is increasing rewards by 50% for some users.…
Frax Finance dives into DeFi liquidity with $250M USDe allocation
Decentralized finance (DeFi) lending protocol Frax Finance has recently passed a community governance proposal that greenlights a $250 million allocation of Ethena Labs’ USDe to a new liquidity pool. As…
Ethena Labs adds Bitcoin backing to its USDe synthetic dollar
Ethena Labs, the team behind the USDe, has added Bitcoin (BTC) as collateral to its synthetic dollar-pegged product with the hopes of scaling “significantly” from its current $2 billion supply.…
Ethena to Launch Token Airdrop Following Synthetic Stablecoin USDe Success
Ethena is set to launch a new airdrop, marking the next phase in its expansion following the success of its synthetic stablecoin, USDe. The company announced that April 2, 2024,…
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