[@MacroMate8]Seraphim

just so the implications are clear:

prolonged negative funding environments do not affect Ethena anymore. 

ethena can now allocate capital to its own RWAs (USDtb) in a bearish environment, effectively creating an APY “floor” around the T-Bill rate

Now THIS can scale &gt;100B TVL 
&gt;&gt;QUOTE Ethena Labs (@ethena_labs)
 Today we are launching our new stablecoin product, USDtb, backed by @BlackRock's BUIDL Fund in partnership with @Securitize

Read below for full details👇

[@MacroMate8]Seraphim

just so the implications are clear:

prolonged negative funding environments do not affect Ethena anymore. 

ethena can now allocate capital to its own RWAs (USDtb) in a bearish environment, effectively creating an APY “floor” around the T-Bill rate

Now THIS can scale &gt;100B TVL 
&gt;&gt;QUOTE Ethena Labs (@ethena_labs)
 Today we are launching our new stablecoin product, USDtb, backed by @BlackRock's BUIDL Fund in partnership with @Securitize

Read below for full details👇 

https://twitter.com/MacroMate8/status/1868668451918913893