Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator.
Stablecoin project Ethena Labs has bagged over $4 million for its treasury less than two weeks after going live, showcasing early signs of success with a concept that hasfor its treasury after paying out users, head of growth @MacroMate8 said on X, increasing the treasury amount to over $16 million from nearly $12 million.
Ethena’s high yields are derived mainly from the high ether-future funding rates, as well as staking ether to a validator, which generates less than 4% yearly as of Friday.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »