Poopooplatter

There is a fundamentally different depth to our greed.

[Ethena @ethena]

The transparency page now has a dedicated Institutional Lending dashboard, one of the most detailed views of lending-related deployments in the space.

Every loan, custodian and LTV, marked in real time.

Transparency stays a priority, and there's more to come.

https://t.co/Q0oZ6CZWbq

[Poopooplatter @0xPoops]

@Kunallegendd @Blockworks Giga Chad sir one of the best researchers in the game!

[Ethena @ethena]

USDe Proof of Reserves are typically provided on a weekly basis by 3rd party independent attestors including leading firms such Chainlink and Llama Risk.

Following the events that have unfolded in the last few hours, we have provided a Proof of Reserves which has been linked below this message.

Each of these independent 3rd parties mentioned above have confirmed USDe remains overcollateralised by more than $60m at >101.0%.

No USDe backing resides directly on Binance or any centralized exchange.

All funds are safe. Maximum transparency.

[Elon Musk @elonmusk]

Interesting

[Ethena @ethena]

Since launch, Ethena has generated over $800 million in rewards deployed throughout the Ethena USDe ecosystem.

[jeff.hl @chameleon_jeff]

Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.

ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.

trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.

Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.

When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.

[Poopooplatter @0xPoops]

Manual looping has always been a difficult process for mainstream users.
With Earn+, we simplify the product experience to let users access and experience greater rewards, removing the complex process from before.

[Ethena Pay @EthenaPay]

Introducing Earn+: 12% rewards on your dollars in a single tap.

Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.

[G | Ethena @gdog97_]

This is one of the product releases you glance over and don't take seriously but you should. Earn+ will be one of the killer features for Ethena Pay that is almost impossible to compete with for dollar savings at scale.

I'd hope I'm within the top ~5% of DeFi power users, but I don't even spend the time and energy to optimize DeFi loops across multiple chains and lending markets which requires 24/7 attention.

This is a one-click access point to optimized levered USDe rewards with the capability to operate cross chain from a single vault with no management of debt positions required at all.

This is the highest unincentivized reward rate on dollars at multi-billion scale with a simple one-click user experience that has averaged ~10-15% APY even during the bear market, and much higher in the bull market.

Available exclusively on Ethena Pay 🌍.

[Poopooplatter @0xPoops]

@0xhopydoc Great read!

[Defi_Maestro ✺ @Defi_Maestro]

My Token2049 takeaways this year:

More institutions at side events, mostly focused on tokenization and stablecoin flows

Side event protocols > main event protocols

Perps were the key theme, with social trading and agentic trading platforms getting real discussion

AI had far fewer events this year

Everyone was talking about PRL. Got asked my take at least 5 times

Hyperliquid set the bar for events: well run, with a great mix of veterans and newcomers. Shoutout to @hypurr_co

@variational_io's dinner and @zeroxkyle's hotpot had the best crowds in terms of quality

Trading comps became the main hook for a lot of events, but the crowds felt a bit cringe

VCs are still hungry for deals but struggling to find investable projects

Established KOLs were open to bouncing ideas. Some smaller ones acted like royalty, parading their "TG communities" to projects

Got brushed off by a few BDs who only wanted KOLs

Solid event overall. Looking forward to hosting my own next year.

Cheers.

[Poopooplatter @0xPoops]

@0xVega @EthenaPay Lfgggg

[Topher @TopherGMI]

Quick scan of DeFi Llama

HYPE, LIT, AERO, PUMP, DRV, KNTQ, SYRUP, ENA, ETHFI, RAY, JTO, RAY, AAVE, LDO, STONK, ASTER, SKY, NEAR, DBR, PONS, PENDLE, CC, CARDS, AAVE, MET, RLB, JTO, META, KMNO

nfa dyor i am missing many names

[Ethena @ethena]

Since the initial airdrop in 2024 token incentives related to USDe growth have declined by roughly ~85% from 2024 to this year.

As of the end of this month there will be zero token incentives and inflation on a go forward basis related to USDe.

For all of those who participated and helped to bootstrap the product to where it is today: thank you for the support.

[G | Ethena @gdog97_]

Chapter II

[Fomies @FomiesNFT]

Gud luck.

https://t.co/mCA30Yxdl2

[Poopooplatter @0xPoops]

@ProofMarkets Exciting times!

[Tom Wan @tomwanhh]

Weekend spending spree: Ethena Pay hit a new daily spending-volume high of $138K.

Cumulative spending volume has now reached $1.2M.

[Poopooplatter @0xPoops]

@matrixthesun @ProofMarkets Congrats!

[Poopooplatter @0xPoops]

@Kunallegendd @ponsdotfamily @Pumpfun Congrats on the trade ser!