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Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

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8V Crypto Academy » Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

April 5, 2024
in Breaking
Reading Time: 1 min read
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The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens. The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens. 

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