Custodian Attestations of Assets Backing USDe: November
In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our thirteenth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol....
Custodian Attestations of Assets Backing USDe: November
In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our thirteenth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol....
Stablecoin as a Service: Ethena Whitelabel
Stablecoins have become one of the best examples of product market fit in crypto and power the industry’s onchain and offchain economy. Every week there is a new headline about Wall Street incumbents working on their own stablecoin as the use cases for both their users and the business have become clear. However, there is a trend emerging in DeFi that could significantly upset the stablecoin power dynamic: Stablecoin as a Service. As a result of the widespread adoption of stablecoins in crypt...
Stablecoin as a Service: Ethena Whitelabel
Stablecoins have become one of the best examples of product market fit in crypto and power the industry’s onchain and offchain economy. Every week there is a new headline about Wall Street incumbents working on their own stablecoin as the use cases for both their users and the business have become clear. However, there is a trend emerging in DeFi that could significantly upset the stablecoin power dynamic: Stablecoin as a Service. As a result of the widespread adoption of stablecoins in crypt...
Season 5 Update
Season 4 HighlightsToday marks the end of Ethena Season 4 and the beginning of Season 5. Season 4 saw meaningful expansion of USDe across major venues. USDe became the fastest dollar asset to reach $10B in supply and continues to grow on the back of deeper integrations and partnerships. USDe’s adoption across DeFi grew significantly. Notably, “Aavependlethena” (where Pendle’s interest rate derivatives on USDe and sUSDe are used as collateral on Aave) grew to $6B+ in scale, reflecting USDe’s e...
Season 5 Update
Season 4 HighlightsToday marks the end of Ethena Season 4 and the beginning of Season 5. Season 4 saw meaningful expansion of USDe across major venues. USDe became the fastest dollar asset to reach $10B in supply and continues to grow on the back of deeper integrations and partnerships. USDe’s adoption across DeFi grew significantly. Notably, “Aavependlethena” (where Pendle’s interest rate derivatives on USDe and sUSDe are used as collateral on Aave) grew to $6B+ in scale, reflecting USDe’s e...
USDH Proposal by Ethena
IntroductionEthena respectfully requests the community and validator set consider it for the USDH ticker, proposing a Hyperliquid-first stablecoin leveraging the collective battle-tested expertise and resources of Ethena and its partners with an emphasis on security, community, and compliance. Ethena is committed to allocating significant capital and human resources to position USDH as a flagship, best-in-class stablecoin for Hyperliquid users and builders. We believe the ideal partner for US...
USDH Proposal by Ethena
IntroductionEthena respectfully requests the community and validator set consider it for the USDH ticker, proposing a Hyperliquid-first stablecoin leveraging the collective battle-tested expertise and resources of Ethena and its partners with an emphasis on security, community, and compliance. Ethena is committed to allocating significant capital and human resources to position USDH as a flagship, best-in-class stablecoin for Hyperliquid users and builders. We believe the ideal partner for US...
Custodian Attestations of Assets Backing USDe: August
In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our sixteenth attestation report from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports are released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. The a...
Custodian Attestations of Assets Backing USDe: August
In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our sixteenth attestation report from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports are released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. The a...
