The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks.
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Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
![Stablecoin Project Ethena Labs Bags $4M for USDe Treasury Stablecoin Project Ethena Labs Bags $4M for USDe Treasury](https://i0.wp.com/www.coindesk.com/resizer/s7qIR8ytF8NWPX9KEY97aQ6cGRo=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HW73WVJBJRE2XCZ2GHUM62ON7M.jpg?w=1024&resize=1024,1024&ssl=1)
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks.
Source link