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Ethena Labs — //Enabling the Internet Bond_ — Page 4

Ethena Partners with Derive, sENA Holders to Receive DRV

The Largest Options Protocol Has Joined the Ethena Network Family Derive, the largest on-chain options protocol, is partnering with Ethena and aligning with the Ethena Network. This is an extension of Ethena’s existing relationship with Derive. Derive has established sUSDe as collateral on Derive and built the first on-chain structured product for sUSDE. As part of this partnership, the Ethena Foundation has provided a multi-million dollar grant to Derive. USDe is an incredibly powerful tool ...

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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 eighth 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. The...

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USDe on Gate.io

We are excited to share that USDe will be widely integrated throughout Gate.io. The integration will include the following features:USDe/USDT spot pair.USDe as rewarding derivatives margin collateral enabling users to earn rewards while trading perpetuals & options.USDe as an “Earn” product.Native staking of USDe for sUSDe within the Gate.io platform.USDe as Rewarding Derivatives CollateralGate.io users using USDT & USDC to margin derivatives positions presently don’t earn any rewards with th...

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Ethena Engineering Blog

Mitigating Social Engineering ThreatsTL;DRIn October 2024, our team detected and swiftly thwarted an attempted social engineering attack aimed at compromising our primary account on X.com. The attacker’s strategy included sophisticated identity forgery and social engineering of staff at X.com to circumvent standard security measures, including two-factor authentication (2FA). Our immediate response and coordination with X.com’s support team prevented unauthorized changes and secured the accou...

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Custodian Attestations of Assets Backing USDe: October

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 seventh 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. Th...

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Custodian Attestations of Assets Backing USDe: September

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 sixth 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. The ...

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Ethena Engineering Blog

Lessons Learned on Domain Security ManagementTL;DROn 18th September 2024, we experienced a security incident where a malicious actor briefly gained access to our domain registrar account for ethena.fi. Despite the domain registrar account being secured with a username, a password managed through a secure password manager, and TOTP two-factor authentication, the attacker was able to change the admin email address without authorization, gain access to the account, and temporarily host a phishin...

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Ethena Announces Plans to Partner with Securitize for Launch of New Stablecoin, USDtb

We are excited to announce the planned launch of a new stablecoin, USDtb, which intends to invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, the leader in the tokenization of real-world assets. USDtb will function identically to a traditional stablecoin and is expected to have its reserves invested in BUIDL, the token underlying Blackrock’s first-ever tokenized asset fund. Blackrock’s BUIDL fund invests in U.S. dollars, short-term U....

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Ethena, EigenLayer & Ether.fi Partnership

We are excited to share that Ethena has partnered with EigenLayer and Ether.fi to introduce USDe as the first dollar-denominated token that can be used as security within its generalized shared security platform. To provision this utility, Ethena has chosen ether.fi as our restaking partner to grow the adoption of stable cryptoeconomic security. The integration is expected to go live next week. Expanding restaking collateral to include dollar-denominated underlying assets broadens the potenti...

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Ethena Season 3 Update

Recap:September 2nd marks the end of Season 2. Since the beginning of Season 2, USDe has grown from a supply of ~1.3b to just under 3.0b, and was the fastest USD-pegged asset to reach 3.0b in crypto history. During this period the Ethena protocol generated >$105m in revenue and distributed 54m USDe in rewards to the sUSDe staking contract for an average APR of ~15% despite challenging market conditions.Ethena’s USDe supply is now: >Nearly 2x larger than the entire tokenized treasury RWA marke...

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//Enabling the Internet Bond_