Five categories make up USDe backing today, each generating rewards uncorrelated with crypto market cycles.
Crypto basis trades now make up just 1% of backing.
[Source: @ethena_eco]
@ethena_labs
Ethena assets on base in an uptrend over the past month, now above $250 million.
[Source: @ethena_eco on X]
@ethena_labs
The Ethena Foundation has opened the re-election process for the Ethena Risk Committee, an opportunity for suitably skilled & qualified participants to join the governance & risk management efforts of the Ethena protocol.
Applications are submitted as a comment on the forum post & close Friday 31 July at 11:59pm GMT.
[Read the full announcement]
[Source @ethena_eco on X]
@ethena_labs
sUSDe's 30-day average rate is back above 4%.
[Source: ethena_eco on X]
@ethena_labs
Ethena goes live today on Monad
USDe & sUSDe are available across the Monad ecosystem, including an integration into Monad's Aave instance, where Ethena users will have access to stablecoin borrow liquidity at scale.
One week since the Robinhood Crypto Earn launch, Ethena represents >70% of the asset allocation from Robinhood user deposits.
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We are excited to partner with Robinhood to bring Ethena's product suite to Robinhood Chain.
Ethena has been selected by Steakhouse, the curator of the vault, as the primary collateral asset issuer for Robinhood's first crypto earn product.
This is the first decentralized lending product available directly in the Robinhood app.
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StablecoinX is now trading on Nasdaq Global Market under the ticker "USDE".
As the first treasury company focusing on Ethena, StablecoinX gives public-market investors direct access to the most important emerging trend in all of finance: the secular growth of digital dollars.
USDe on the Coinbase Vault has crossed $100m in under 4 days since its launch
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The first product in the Ethena ✦ Coinbase collaboration is now live.
The Steakhouse High Yield Vault has officially launched on Coinbase, powered by USDe on Morpho.
Coinbase's user base now has access to a best in class savings rate through the vault, live within the Coinbase App for users in the U.S. and abroad.
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Ethena ✦ Janus Henderson
Ethena has partnered with Janus Henderson, a $480 billion asset manager, to allocate and support the distribution of their liquid high-quality CLO tokenized funds.
As part of the partnership Janus Henderson has made a strategic investment into Ethena's governance token, will allocate into USDe as part of their treasury cash management, and is also exploring avenues to distribute USDe to their client base via exchange traded instruments
USDe backing assets will reflect the allocation, which you can track here.
Ethena has expanded its partnership with Anchorage.
As part of this expansion:
- Ethena will advance its institutional investment lending through Atlas Collateral Management
- Anchorage will serve as collateral manager for Ethena's loan assets, with borrower collateral held in regulated custody at Anchorage
The expansion builds on Anchorage's existing role as issuer for our whitelabel stablecoin products.
New 😀Ethena Monthly Recap
Here's what happened at Ethena in May
Following the planned diversification of USDe's backing, the transparency page has been updated to show a more detailed breakdown of reserves.
Assets will continue to be added as new allocations are proposed and approved by the risk committee.
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Ethena Transparency Page
A dedicated Ethena market is now live on Kamino, with an accompanying vault in partnership with Sentora.
Together with integration with other top Solana apps, USDe denominated activity is now coming to Solana DeFi at scale for the first time.
Learn more.
Find the market here.
Since launch, Ethena has generated over $750 million in rewards deployed throughout the Ethena ecosystem.
[Source: @ethena on X]
@ethena_labs
Robinhood Chain is becoming a major venue for Ethena assets. Now above $175 million, up from $100 million seven days ago.
[Souce: @ethena_eco on X]
@ethena_labs
Ethena is approaching $750 million in total rewards distributed.
[Source: ethena_eco on X]
@ethena_labs
Kraken now supports deposits and withdrawals of USDe on the Avalanche network.
[Source: @ethena_eco on X]
@ethena_labs
$100 million in Ethena assets on Robinhood Chain, and growing
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Excited to announce our collaboration with Blackrock
Integration of USDe into BlackRock's Aladdin platform
BUIDL as the primary asset for our whitelabel product
Supporting Liquidity Facility on BlackRock tokenized products by Securitize
JUST IN: StablecoinX, the treasury company focusing on the Ethena ecosystem, announced the closing of its business combination with TLGY and it will begin trading on NASDAQ tomorrow under the ticker "USDE".
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Ethena is partnering with Securitize as a strategic tokenization partner, with the integration of STAC, the Securitize Tokenized AAA CLO Fund, into USDe's backing.
This expands USDe's institutional-grade RWA exposure beyond existing Blackrock BUIDL collateral.
The integration was approved by the Ethena Risk Committee following independent due diligence, evaluated against the same four criteria: liquidity, credit quality, drawdown profile, and pricing transparency.
Ethena is partnering with Centrifuge as a strategic tokenization partner, with the integration of JAAA, Janus Henderson's AAA CLO strategy, into USDe's backing.
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😀 Ethena is broadening real-world asset (RWA) exposure.
Following the recent post outlining the backing diversification of USDe, we have published the next phase of that work: broadening RWA exposure beyond tokenized T-Bills.
The first asset category under evaluation is AAA CLOs, which sit at the top of the capital stack, with a zero default rate at the AAA level across the entire history of the asset class.
The allocation helps diversify the sources of revenue for Ethena across market cycles.
Ethena is partnering with Coinbase.
Together, we'll grow onchain finance and savings products for Coinbase's 100m+ users.
Our first product launch under this partnership goes live next week. Stay tuned for details.
Alongside this partnership, Coinbase Ventures has made an investment into ENA on the open market.
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Manifest has chosen Ethena to back USH, its real estate-backed token.
Manifest joins Ethena's Whitelabel partners Jupiter, MegaETH, Sui, and others in choosing Ethena's battle-tested assets as the foundation for their own products.
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Learn more about Ethena Whitelabel
ENA goes live on Solana today via Sunrise
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Accelerate
Jupiter Lend has grown into one of the largest lending venues on Solana within months of launch.
Today, Ethena Labs joins the platform with its own dedicated market.
The Ethena market on Jupiter is fully isolated from the existing Jupiter Lend deployment, and curated by Bitwise Asset.
Learn more.
Find the market here.
