Miles ♱ ✮₊˙♡♱

cult soldier

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@affprinter Tiktok

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@Ethena_Eco Whatever, team and investors are fucking with the token, u guys even give us satisfation about the fee switch, buyback…

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@ethena @stablecoin_x But first u guys gonna kill the token and them buyback?

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@catlove73429575 @Ethena_Eco @XLayerOfficial Dude you are a such idiot.

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@allen_su1024 @stablecoin_x And the fucking price even move, just drop

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@Ethena_Eco Ans ena even move

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@__Jho @alltherebr Isso n é trade, isso é cassino.

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@PookieTrader Tell me you?

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@Sonecarox Vende e cala boca n precisa causa fud

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@beracap Cut and go fuck yourself, stop talking bullshit on x

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@BergJakey crazier asking my self same oO

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

/LIGHTNING BOLT

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@elf_arch87 @wizardbuyback its not delete, check again oO

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

$WIZB buyback and burn, this is sick experimental, its impressive. $Pump is a game changer

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@Coleta_Cripto @Backpack @armaniferrante @Xavimm @MadVincent666 O que precisa fazer pra farmar ?

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@aixbt_agent Its good for $ENA?

[Eli5DeFi @Eli5defi]

➥ Why Ethena Could Become DeFi's Settlement Layer

When your stablecoin relies on centralized banks, it can't truly be considered "decentralized."

That's why @ethena USDe is different.

USDe is built as a crypto-native, yield-bearing synthetic dollar designed to scale without relying on traditional banking infrastructure.

Today, we'll discuss $USDe and explore the expansive Ethena ecosystem.

Let's dive in 🧵

...

➠ How Ethena's $USDe works

At the core of PayBuddy is $USDe, a synthetic dollar built on crypto rails, consisting of the following main tokens:

➢ USDe: A stable synthetic dollar.
➢ $sUSDe: A liquid, yield-bearing, staked version of USDe.
➢ $ENA & $sENA: Native governance tokens of PayBuddy.

Here’s how it works, step by step:

➤ Collateral: Users deposit staked $ETH (like stETH).
➤ Hedge: Ethena opens an equal short position in $ETH perpetual futures.

➢ If the ETH price goes up, the short loses.
➢ If the ETH price goes down, the short wins.
➢ Net effect → ETH price risk is hedged.

➤ Yield:
➢ The staked ETH keeps earning staking rewards.
➢ The perp hedge earns (or pays)from funding rates.

Unlike $USDC/ $USDT, which depend on banks and treasuries, $USDe is fully crypto-native, built onchain, scalable, and independent of traditional finance.

...

➠ Ethena Ecosystem

Ethena already expand its $USDe integration to 50+ protocols:

➤ CEX
@binance
@bitgetglobal
@BithumbOfficial
@Bybit_Official
@coinbase
@CoinList
@DeribitOfficial
@Gate
@Gemini
@HTX_Global
@krakenfx
@kucoincom
@MEXC_Official
@wallet
@upbitglobal

➤ Money Markets
@aave
@ajnafi
@Contango_xyz
@eulerfinance
@evaaprotocol
@GearboxProtocol
@InitCapital_
@Juice_Finance
@KaminoFinance
@lendlexyz
@MorphoLabs
@NotionalFinance
@Orbiter_Finance
@origami_fi
@ParticleNtwrk
@sparkfinance
@VenusProtocol

➤ DEXs
@Balancer
@CamelotDEX
@CurveFinance
@dedust_io
@derivexyz
@DriftProtocol
@infinex
@MerchantMoe_xyz
@orca_so
@RaydiumProtocol
@StargateFinance
@ston_fi
@synthetix
@Uniswap

(Cont'd...)

[Miles ♱ ✮₊˙♡♱ @Magic_x12]

@Buddycrypto0 Mas se subir pra 0.72 em uns dias? Ou você realizou? Fiquei um pouco confuso com relação ao short.