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Ethena Drama

Ethena Drama

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DeFi Education
Apr 05, 2024
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Ethena’s sUSDe is a new stablecoin which aims to offer investors a yield from off-chain trading activities. You can think of it as a hedge fund. Ethena’s token ENA launched earlier this week and now trades at a $15 billion valuation fully diluted.

An airdrop of 5% of total supply (~$750mm at current prices) accounts for around half of the …

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