Compound adds Ethena, Mantle tokens to lending platform
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
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Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
Ethena’s “singular focus” for the first quarter of 2025 is the distribution of the “TradFi Wrapped” iUSDe synthetic dollar.
Ethena’s USDtb has already amassed more than $65 million in total value locked on the opening day.
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Stablecoins trading volume saw a sharp increase, placing monthly volumes on exchanges on track to new highs in 2024.
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
Now the protocol is working on a value accrual mechanism for ENA stakers.
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.
