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Ethena Labs — //Enabling the Internet Bond_

Cover image for Custodian Attestations of Assets Backing USDe: November

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...

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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...

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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...

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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...

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Custodian Attestations of Assets Backing USDe: July

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 fifteenth 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 m...

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Ethena Engineering Blog: Gas Price Estimation on Ethereum

Why Ethereum Gas Price Estimation Matters for DeFiGas price estimation is the backbone of efficient Ethereum transactions, directly impacting the performance and cost of decentralized finance (DeFi) protocols like Ethena. For Ethena, a synthetic dollar protocol, precise Ethereum gas price estimation ensures seamless minting and redeeming of USDe, delivering a smooth user experience and maintaining competitiveness in the DeFi landscape. Inaccurate gas price estimation can cause significant iss...

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USDtb Money Market Rewards

We’re excited to announce that users who supply USDtb to Aave, Morpho, Euler, and Fluid will now be able to earn promotional rewards from Merkl in addition to supply APR. This represents the beginning of a long-term campaign to drive the adoption of USDtb.Money MarketsAaveOn Aave, USDtb will be borrowable against the latest PTs in e-mode in the coming week. Current borrow rates for USDtb on Aave are 2.9%.MorphoOn Morpho, USDtb can be lent and borrowed against sUSDe, USDe, and PT-USDe collater...

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Ethena x Coinbase International Launch

Ethena Labs is proud to announce the integration of Coinbase International, via Copper’s ClearLoop solution, as a hedging venue for the backing assets of USDe. Coinbase International’s derivatives open interest has recently exceeded >$1bn and represents a fantastic opportunity to diversify the hedging of the backing assets of USDe.First new Hedging Venue since launchCoinbase International joins Binance, Bybit, Okx, Deribit, and Bitget as the only hedging venues for USDe’s backing assets. Coin...

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Custodian Attestations of Assets Backing USDe: June

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 fifteenth 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...

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//Enabling the Internet Bond_