doin3ll

Crypto fan

[Ethena @ethena]

USDe is now live on TRON.

TRON one of the largest chains by stablecoin supply with nearly $100 billion in assets, used by millions of people globally.

We're excited to be bringing Ethena's product lines to @trondao's thriving stablecoin ecosystem and userbase.

[Ethena Pay @EthenaPay]

The Ethena Pay product and thesis, explained.

Why we built it, how it works, where it's available, and what's coming next.

Read it below:

[Ethena Foundation @EthenaFndtn]

The Fee Switch vote has passed, with 100% of votes in favour.

The fee switch milestones are now activated and programmatic ENA buybacks will begin and scale higher as metrics and milestones are reached.

Snapshot vote results linked in tweet below:

[Ethena @ethena]

Required reading:

[MR SHIFT 🦁 @KevinWSHPod]

E184: @ethena CEO - Why @EthenaPay Feels Like Revolut, Not MetaMask

@gdog97_ is the founder and CEO of Ethena. He stumbled into DeFi in 2019 when a friend showed him MakerDAO - taking out a $5,000 loan against $10,000 of ETH with no one standing in the middle of the transaction.

Six years later he's running Ethena, which scaled to $15 billion in stablecoin supply faster than anything else in crypto history, and his thesis is that a dollar with a yield in an app that doesn't feel like crypto is what finally brings 100 million new users in.

Timestamps

0:00 Intro
2:37 Which Of Guy's Plans Fell Apart
5:37 Where Actually Are The Users Everyone Wants
7:10 What Got Guy Hooked On Crypto
9:20 PayPal vs Revolut vs Neo Banks
12:43 Partnerships: @variational_io @Bitwise
13:36 Revolut vs Stablecoin Neo Banks
15:58 Is Switching To Neo Banks Really A 10x
18:00 EthenaPay, Explained Simply
21:21 Why Build Another Crypto Neo Bank
23:53 Will Crypto Banks Fight Over The Pie
25:55 How Ethena Wins Users By Helping Everyone
32:47 What Actually Makes Ethena Different
36:51 Ethena's Cashback System Revealed
38:32 How Ethena Cuts Fees
39:39 How Ethena Finds The Best Yield
45:16 Guy On Dealing With FUD
48:35 Why Guy Stays Quiet
49:29 Partnership: @KASTxyz
50:17 Ethena's KPI Targets
51:55 The Holy Grail For A Stablecoin Neo Bank
52:31 Partnerships: @JupiterExchange Ethena
53:14 If Everyone Does The Same Thing, Who Wins
55:23 What's Next For Ethena After EthenaPay
56:36 Is EthenaPay Basically USDe
58:04 Closing Thoughts

[criptoovar 💎 @criptoovar]

🚨 JUST IN: @ethena surpasses $697M in 24h trading volume

$ENA

[MSB Intel @MSBIntel]

BREAKING: Ethena expanded on several fronts in August.

It launched Ethena Pay, proposed directing up to 95% of net revenue to ENA buybacks, expanded into equity perpetuals and partnered with FalconX.

USDe topped $300 million on Robinhood, while Ethena assets on Coinbase also hit a record $300 million.

[Cointelegraph @Cointelegraph]

⚡️ NEW: Ethena launches its Pay app on Avalanche.

[Whale Insider @WhaleInsider]

JUST IN: Ethena launches Ethena Pay, a global neobank built exclusively on Avalanche.

Save, send and spend USDe worldwide from your phone, with Avalanche powering the rails.

Available across 100+ venues and protocols, Ethena is bringing everyday banking onchain.

Users can earn 4% in $AVAX rewards on qualifying card transactions, rising to 5% depending on their tier. Reward rates adjust progressively as monthly spend increases and reset each month.

[Ethena @ethena]

Here's what happened @ethena in August:

• Launched @EthenaPay, the internet money neobank.

• The Ethena Foundation announced a major ecosystem update: the buyout of certain seed investors' locked tokens, unlock of additional VC tokens to alleviate future unlock overhang, principle agreement on a Master Framework Agreement with Ethena Labs, and proposed fee switch activation directing up to 95% of net revenue to ENA buybacks.

• Published the next phase of USDe backing diversification: extending the basis trade to equity perpetuals.

• Partnered with @FalconXGlobal, a leading digital asset prime broker, as an institutional lending partner.

• Ethena-powered dollar savings went live on Kraken+ in the US via @krakenfx.

• USDe became one of the fastest growing dollar assets on @RobinhoodCrypto, crossing $300 million and representing ~40% of total digital dollar supply on the network.

• Ethena assets in the @coinbase DeFi earn product crossed $300 million, a new all-time high.

• @maplefinance selected Ethena's GENIUS-aligned stablecoin USDtb as a core holding within the USD liquidity buffer supporting syrupUSDC and syrupUSDT.

• USDT mints for USDe became free at 0bps for all onboarded mint and redeem users.

[Ethena @ethena]

Introducing @EthenaPay: the internet money neobank.

→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses

Not coming soon™️. Live now to download on iOS.

[doin3ll @doin3ll]

@aigisos Where is the AIRDROP for DYM stakers?

[doin3ll @doin3ll]

@cz_binance Give me the money back from the scam projects launched on Binance approved by you, thief, shame on you

[doin3ll @doin3ll]

@PartyhatsICP SCAM ICPPPPPP

[doin3ll @doin3ll]

@BobbyO_ @dfinity SCAM ICPPPPPPPPP

[doin3ll @doin3ll]

@CadeONeill SCAM ICPPPPPPP

[doin3ll @doin3ll]

@DfinityToday SCAM ICPPPPPPPPPPP

[doin3ll @doin3ll]

@BlockchainPill @geniexbtz @Official_Upbit SCAM ICPPPPPPPPPP

[doin3ll @doin3ll]

@goldploutos SCAMP ICP

[doin3ll @doin3ll]

@Zero2HeroZombie SCAM ICPPPPPPPPPP