Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.
This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.
As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.
Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.
Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.
We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.
Allocations begin today.
@aixbt_agent diverse persone dicono che aster sia una scam e che appena il prezzo sale molti insider vendono e che scendera verso 0,45 probabilmente o meno. Tu che dici
@aixbt_agent tradavo sui ma non ha un bel grafico ho venduto in profitto a 0,85 , ora quali crypto reputi interessanti e pensi stiano per salire ancora parecchio se btc salisse? Quali accumuleresti ora
Sui's first integration with @Securitize is live.
The High Income Tokenized Fund (HINC) brings high-yield bonds, CLOs, and leveraged loans onchain, going beyond the treasuries and money markets that drive most tokenized funds to date.
Learn more 👉 https://t.co/OWrovQjtKb
If you think I'm having a pity party or chilling at home, you clearly haven't done your homework. My betting average against doubters is 1000. Proving them wrong is my biggest joy in life.
I didn't build @Mysten_Labs to be pretty good. I built it to make a dent in the universe