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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...
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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...
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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.
On 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%.
On Morpho, USDtb can be lent and borrowed against sUSDe, USDe, and PT-USDe collateral under the SteakhouseFi Ethena USDtb vault.
On Fluid, USDtb can be borrowed against ETH, wstETH, weETH, wBTC, and cbBTC.
USDtb Smart Vaults are coming next week!
On Euler, USDtb can be used as collateral across 19 different vaults.
Eligible users are able to claim rewards for supplying USDtb to participating protocols’ markets every 8 hours via Merkl.
USDtb, launched in December 2024, is a stablecoin backed by BUIDL, USDC, and USDT.
USDtb's backing assets reside in public and segregated custodian wallet addresses, enabling unparalleled real-time transparency.
Users who are onboard are able to access the atomic 24/7/365 on-demand mint and redeem facility via both the UI and API.
Onboarded users, who are KYC’d and whitelisted, are able to mint and redeem USDtb using USDC, USDT, and BUIDL. BUIDL is only available to qualified investors who have onboarded with Securitize.
If you have an interest in onboarding, we welcome you to enquire via this link.
It’s important to note that the promotional rewards program’s terms, conditions, and exclusions remain at the sole discretion of the provider & associated borrow/lend markets. These terms can change at any moment and without notice. Users who borrow USDtb from other eligible markets & supply to other eligible markets will be excluded from earning promotional 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.
On 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%.
On Morpho, USDtb can be lent and borrowed against sUSDe, USDe, and PT-USDe collateral under the SteakhouseFi Ethena USDtb vault.
On Fluid, USDtb can be borrowed against ETH, wstETH, weETH, wBTC, and cbBTC.
USDtb Smart Vaults are coming next week!
On Euler, USDtb can be used as collateral across 19 different vaults.
Eligible users are able to claim rewards for supplying USDtb to participating protocols’ markets every 8 hours via Merkl.
USDtb, launched in December 2024, is a stablecoin backed by BUIDL, USDC, and USDT.
USDtb's backing assets reside in public and segregated custodian wallet addresses, enabling unparalleled real-time transparency.
Users who are onboard are able to access the atomic 24/7/365 on-demand mint and redeem facility via both the UI and API.
Onboarded users, who are KYC’d and whitelisted, are able to mint and redeem USDtb using USDC, USDT, and BUIDL. BUIDL is only available to qualified investors who have onboarded with Securitize.
If you have an interest in onboarding, we welcome you to enquire via this link.
It’s important to note that the promotional rewards program’s terms, conditions, and exclusions remain at the sole discretion of the provider & associated borrow/lend markets. These terms can change at any moment and without notice. Users who borrow USDtb from other eligible markets & supply to other eligible markets will be excluded from earning promotional rewards.
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