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Ethena adopts fee-sharing proposal for ENA token

Now the protocol is working on a value accrual mechanism for ENA stakers. 

The Ethena Foundation signed off on Wintermute’s proposal to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum.

On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue to stakers of ENA (ENA), Ethena’s native token.

“The Ethena Foundation is pleased to share that the proposal to enable an $ENA fee switch has been approved by the Risk Committee,” it said in the governance forum on Nov. 15.

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‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin

‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin

An analyst known as a “Master Trader” on the crypto exchange Bybit believes that furious rallies are in sight for the top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 287,200 followers on the social media platform X that DOGE looks incredibly bullish after breaking out from an Adam and Eve double-bottom pattern against Bitcoin […]

The post ‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin appeared first on The Daily Hodl.

‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin

Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin

A veteran trader says that it would be unwise to attempt to start calling for a top in the crypto bull market. The pseudonymous trader known as The Flow Horse tells his Telegram channel that based on many charts, including Bitcoin (BTC), Gold futures, and the Nasdaq, there’s a clear bull market underway that could […]

The post Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin appeared first on The Daily Hodl.

‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming Mainnet

The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming MainnetEthena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within the Hyperliquid ecosystem upon mainnet launch. Ethena Eyes Hyperliquid’s Rapid Growth for Next Phase of USDE Expansion The proposal outlines a cautious approach to integrating […]

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Ethena (ENA) Community Proposes Using Solana (SOL) To Back USDe Stablecoin

Ethena (ENA) Community Proposes Using Solana (SOL) To Back USDe Stablecoin

The community behind a synthetic dollar protocol on Ethereum (ETH) is proposing adding a top ETH rival to its reserve assets for its stablecoin. According to a new Ethena (ENA) community proposal, the community is considering adding Solana (SOL) as a reserve asset for the US-dollar pegged stablecoin USDe. “This proposal recommends an allocation of […]

The post Ethena (ENA) Community Proposes Using Solana (SOL) To Back USDe Stablecoin appeared first on The Daily Hodl.

‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

Synthetic Dollar Protocol Ethena Surges by More Than 45% This Week Amid Rollout of New Product Offerings

Synthetic Dollar Protocol Ethena Surges by More Than 45% This Week Amid Rollout of New Product Offerings

The native token of the synthetic dollar protocol developer Ethena (ENA) surged by more than 45% this week as the project rolled out multiple new products. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the […]

The post Synthetic Dollar Protocol Ethena Surges by More Than 45% This Week Amid Rollout of New Product Offerings appeared first on The Daily Hodl.

‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

Ethena to launch new stablecoin backed by BlackRock’s BUIDL

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

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Ethena domain registrar hacked, Ethena Labs warns users to stay away

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform. 

The Ethena website suffered what appears to be a front-end exploit on Sept. 18, and Ethena Labs has cautioned users not to interact with any site or application claiming to be Ethena.

According to a social media post from Ethena Labs, the website's domain registrar account was compromised, and the site is currently deactivated until the issue is resolved.

Ethena Labs also reassured clients that the Ethena protocol was not affected by the exploit and that all customer funds were safe.

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USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps AheadCurrent stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to […]

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Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 MonthsBased on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]

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