Ethena Ecosystem

The @Ethena Ecosystem & Community Hub.

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[Ethena Ecosystem @Ethena_Eco]

Ethena is approaching $750 million in total rewards distributed.

[Ethena Ecosystem @Ethena_Eco]

The Ethena Risk Committee re-election is now live for voting.

Following the application period, nine candidates have been shortlisted. ENA and sENA holders can now vote to elect three of them to the Committee for the next six-month term.

Open until Sunday 9 August at 11:59pm GMT.

Vote here: https://t.co/RG6qHML50Y

[Ethena Foundation @EthenaFndtn]

We are pleased to share the Ethena Risk Committee election vote is live for the next 6 month term.

ENA and sENA holders are encouraged to cast their vote. 3 members will be chosen out of the 9 shortlisted applicants.

Voting ends this Sunday, 9th of August at 11:59pm GMT.

https://t.co/fSSvGeGOD2

[𝗺𝗶𝗴𝘂𝗲𝗹 @miguelweb3]

just posted our july roundup. tl;dr ethena assets on robinhood chain past $215m, and base past $275m and climbing, $750m in rewards generated, gate's first usde product, and we went live on monad.

full list below.

[Ethena Ecosystem @Ethena_Eco]

New Ethena Monthly Recap ↓

[Ethena @ethena]

Here's what happened @ethena in July:

- Partnered with @RobinhoodCrypto to bring Ethena's product suite to Robinhood Chain. Ethena assets on Robinhood Chain crossed $200 million within a month.

- The USDe vault on @coinbase crossed $250 million, one month since launch.

- Ethena has generated over $750 million in rewards since launch.

- Implemented zero fee minting and redeeming USDe with USDC for all onboarded mint users.

- Went live on @monad, with USDe and sUSDe now available across the Monad ecosystem.

- @Gate_io launched their first USDe earn product.

- USDe minting and redemption with USDC went live for free on @Bybit_Official.

- USDe-native prediction markets went live on Robinhood Chain, via @Meridiandotxyz, formerly Ethereal.

- @LidoFinance added USDe to EarnUSD, a curated vault of USD-denominated strategies.

- @OriginProtocol opened the sUSDe ARM for deposits.

- @krakenfx added support for USDe deposits and withdrawals on Avalanche.

- The Ethena Foundation opened the re-election process for the Ethena Risk Committee.

[Ethena @ethena]

One month on from launch, Ethena assets on Robinhood Chain have crossed $200 million.

USDe now accounts for close to a third of all USD value on the chain.

[Meridian @meridiandotxyz]

https://t.co/PBjs30xiYs

[𝗺𝗶𝗴𝘂𝗲𝗹 @miguelweb3]

safe, reliable rewards, whatever the market's doing. that's the goal here.

>> crypto basis now just 1% of usde's backing. the rest is spread across lending, rwas, and stables.

[Ethena Ecosystem @Ethena_Eco]

Source:
https://t.co/WIXsOpvKQ2

[Ethena Ecosystem @Ethena_Eco]

The composition of @Ethena USDe backing today.

Five categories make up the backing, each generating rewards uncorrelated with crypto market cycles: crypto basis trades, DeFi lending, institutional lending, real-world assets, and liquid stablecoins.

Crypto basis trades now make up just 1% of backing.

[lito @litocoen]

WILD stat 😳

[Ethena @ethena]

Since launch, Ethena has generated over $750 million in rewards deployed throughout the Ethena ecosystem.

[Ethena Ecosystem @Ethena_Eco]

Ethena Everywhere.

[Ethena Ecosystem @Ethena_Eco]

Ethena assets on @base in an uptrend over the past month, now above $250 million.

[Ethena Ecosystem @Ethena_Eco]

Robinhood Chain is becoming a major venue for Ethena assets. Now above $175 million, up from $100 million seven days ago.

[Ethena Ecosystem @Ethena_Eco]

Read the full announcement here:
https://t.co/Rl3Xwar49D

[Ethena Ecosystem @Ethena_Eco]

The Ethena Foundation has opened the re-election process for the Ethena Risk Committee, an opportunity for suitably skilled & qualified participants to join the governance & risk management efforts of the @Ethena protocol.

Applications are submitted as a comment on the forum post & close Friday 31 July at 11:59pm GMT.

[𝗺𝗶𝗴𝘂𝗲𝗹 @miguelweb3]

internet
money
for
all

[chud.eth @chud_eth]

joined @ethena to lead defi strategy

let's run it all the way back

[Ethena Ecosystem @Ethena_Eco]

sUSDe's 30-day average rate is back above 4%.

[Origin Protocol @OriginProtocol]

Two weeks since the sUSDe ARM Vault opened to the public, and the numbers speak for themselves:

→ 9.39% trailing 7-Day APY
→ 6.86% trailing 30-day APY

Yields are boosted up to 2% through @merkl_xyz for a limited time 🧵