Subscribe to Ethena Labs
Ethena LabsCustodian 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....
Ethena LabsSeason 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...
Ethena LabsENA Token Launch
The Holy Grail: Internet MoneyApril 1st marks the end of the Ethena Shard Campaign, which ran for a duration of just 6 weeks in total - one of the industry’s shortest pre-token campaigns yet. USDe supply grew to over $1.3bn today. This represents the fastest USD-denominated asset to reach >$1bn supply ever in crypto. Ethena’s USDe supply is now: >1.5x larger than the entire tokenized treasury RWA market >3x larger than the entire onchain ETH open interest for every DEX combined Higher than al...
>2.2K subscribers
Ethena LabsCustodian 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....
Ethena LabsSeason 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...
Ethena LabsENA Token Launch
The Holy Grail: Internet MoneyApril 1st marks the end of the Ethena Shard Campaign, which ran for a duration of just 6 weeks in total - one of the industry’s shortest pre-token campaigns yet. USDe supply grew to over $1.3bn today. This represents the fastest USD-denominated asset to reach >$1bn supply ever in crypto. Ethena’s USDe supply is now: >1.5x larger than the entire tokenized treasury RWA market >3x larger than the entire onchain ETH open interest for every DEX combined Higher than al...
Share Dialog
Share Dialog
USDtb, an Ethena ecosystem stablecoin backed by Blackrock’s BUIDL, has been listed on Bybit and will be available as margin collateral within the next week.
As of March 6th, Bybit users are able to earn up to 5.00% APR, paid daily by Bybit, for simply holding or utilising USDtb anywhere on Bybit.
Bybit represents the first CeFi Exchange to support USDtb and furthers our shared goal of helping to improve users' capital efficiency. Bybit joins Copper, Komainu Custody and Zodia Custody in allowing users to earn rewards for holding USDtb.
USDtb's reserve assets are held with custodians in segregated, onchain, and public wallets Real-time transparency information is available via both the blockchain and our "Transparency page:
We’re excited to announce that Bybit users are now able to mint & redeem USDe without ever needing to leave Bybit.
Bybit users are able to use USDC & USDT to mint & redeem USDe at a fixed cost in both small and large sizes. This means users no longer need to use Bybit’s USDe/USDT or USDe/USDC spot pairs or deposit USDe using external platforms to incorporate USDe into their trading workflows.
With over $3.5bn worth of USDT & USDC on Bybit, this functionality enables users of all sizes to seamlessly move between USDe and other stablecoins at a fixed cost, helping to support deeper liquidity on the exchange.
This feature represents a first of its kind in the space and further demonstrates Bybit & Ethena’s commitment to improving users of all sizes' experiences.
USDtb, an Ethena ecosystem stablecoin backed by Blackrock’s BUIDL, has been listed on Bybit and will be available as margin collateral within the next week.
As of March 6th, Bybit users are able to earn up to 5.00% APR, paid daily by Bybit, for simply holding or utilising USDtb anywhere on Bybit.
Bybit represents the first CeFi Exchange to support USDtb and furthers our shared goal of helping to improve users' capital efficiency. Bybit joins Copper, Komainu Custody and Zodia Custody in allowing users to earn rewards for holding USDtb.
USDtb's reserve assets are held with custodians in segregated, onchain, and public wallets Real-time transparency information is available via both the blockchain and our "Transparency page:
We’re excited to announce that Bybit users are now able to mint & redeem USDe without ever needing to leave Bybit.
Bybit users are able to use USDC & USDT to mint & redeem USDe at a fixed cost in both small and large sizes. This means users no longer need to use Bybit’s USDe/USDT or USDe/USDC spot pairs or deposit USDe using external platforms to incorporate USDe into their trading workflows.
With over $3.5bn worth of USDT & USDC on Bybit, this functionality enables users of all sizes to seamlessly move between USDe and other stablecoins at a fixed cost, helping to support deeper liquidity on the exchange.
This feature represents a first of its kind in the space and further demonstrates Bybit & Ethena’s commitment to improving users of all sizes' experiences.
No comments yet