@ethena@Anchorage Everyone is welcome to participate in the vote regarding season 7 reward distribution schedule and method.
Vote as soon as possible to be among the first 5000 users eligible for exclusive rewards with multipliers.
Learn more: https://t.co/JaIOd0j6bn
Ethena has expanded its partnership with @Anchorage, a federally regulated crypto bank in the US, to advance its institutional investment lending through Atlas Collateral Management.
As part of this expansion, Anchorage will serve as collateral manager for Ethena's loan assets, with borrower collateral held in regulated custody at Anchorage.
The expansion builds on Anchorage's existing role as issuer for our whitelabel stablecoin products.
We're partnering with @ethena to support their security and operations across more than $5 billion in assets.
Coinbase is now their primary custodian, wallet provider and perpetuals venue.
With USDe coming to @base and our wider ecosystem.
Excited to partner with Coinbase for the first time to support their dollar savings products. The upcoming integration next week will be the first time Ethena products are available for their 100m+ user base.
Given the evolving nature of the Clarity Act, we expect further potential tailwinds for onchain native products like USDe from idle balances on exchanges, and Ethena is well positioned to support this transition.
Ethena and @coinbase have partnered to grow onchain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week.
Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.
Here's what happened @ethena in May:
• Crossed $500m+ in total Whitelabel supply across @JupiterExchange, @megaeth, and @SuiNetwork.
• Launched dedicated Ethena markets on @JupiterExchange and @KaminoFinance. Combined market size crossed $1b within days of launch.
• ENA went live on @Solana via @sunrise.
• Ethena's TVL on @Solana crossed $500m, up from $50m a month ago, making it Ethena's second-largest chain outside of Ethereum.
• USDe supply grew over 15% in the last 30 days.
• USDtb supply is back above $1 billion, up over 70% in the last 30 days.
• Surpassed $33b in cross-chain transfer volume across all Ethena assets via @LayerZero_Core.
• PT-srUSDe by @Stata_Markets hit $45m supplied on @aave.
• @hyenatrade crossed $2m in all-time USDe rewards to traders.
• @ManifestFinance chose Ethena to back USH, its real estate-backed token.
• @etherealdex expanded user testing for Ethereal Predict, a USDe-native prediction market that lets users combine outcomes into multi-leg positions.
• Published an analysis of the basis trade on gold perpetuals, following the recent post on USDe backing diversification.
• Updated the transparency page with a more detailed breakdown of USDe's backing reserves.
• Published a security post on the recent rsETH incident, covering what happened, the response, and the design decisions that protect USDe.
• Deprecated USDe and sUSDe bridging for several chains focusing security and operational resources where USDe activity is most meaningful.
.@ethena's $USDe just surpassed $20B in cross-chain transfer volume on LayerZero, bringing their lifetime volume across all Ethena assets over $30B.
This brings total value transferred across LayerZero to over $265B.
Manifest has chosen Ethena to back USH, its real estate-backed token.
@ManifestFinance joins Ethena's Whitelabel partners @JupiterExchange, @megaeth, @SuiNetwork and others in choosing Ethena's battle-tested assets as the foundation for their own products.
Following the planned diversification of USDe's backing, the transparency page has been updated to show a more detailed breakdown of reserves.
Assets will continue to be added as new allocations are proposed and approved by the risk committee.
https://t.co/2X1RSNK2Sw
Introducing the USDe Growth Initiative on Kamino.
Users can now loop USDe on Kamino's dedicated @ethena Multiply vault to earn over 20% Net APY at launch, with auto-compounded yield, and liquidation protection.
It’s USDe season on @solana, powered by Kamino.
Bitwise is continuing to dive deeper into DeFi with our first curator role on @Solana.
We’re proud to partner with @ethena, @jupiterexchange, and @0xFluid to launch this new market centered around USDe.
Capital markets are moving onchain, and we’re excited to help lead the way.
We just onboarded a multi-billion-dollar crypto asset manager to deploy an institutional-grade lending market.
@Bitwise is now curating an @ethena market on Jupiter Lend.
A turning point for on-chain lending 👇