Ethereum

Some criticisms of Ethena seem misplaced once you appreciate the category distinction of what it is / isn't.

It is:
✅ A strategy that takes on certain high risks for possibly high variable yield.

It isn't:
❌ Designed to be a resilient stablecoin (e.g., compare to @gyroscope
 design) or a stable yield source.

P.S. if you're up in arms about Ethena risks and looking for yield opportunities in something more focused on resilient design, there's a solution: @gyroscope

GYD E-CLPs are the place to look for risk-adjusted yield.

Good APRs from BAL rewards + boosted E-CLPs coming soon 👀

Stablecoin superliquidity: all-weather GYD, yield-bearing sGYD, highly efficient liquidity pools (E-CLPs)

gyro.finance | linktr.ee/GyroStable