ethena labs:

- let’s create a delta-neutral yielding stablecoins, backed by staked ETH (4%) + short ETH future for funding rates (7.81% mean rate per year historically)

brilliant or completely crazy or both 

i like it

I still need to dig into Ethena but nothing will convince me that delta neutral positions are actually viable.

The Travis Kelce of Web3 marketing. Shitposts from the frontier of Ethereum. DAOs, MEV, oracles, memes. Marketing @UMA.

https://x.com/leptokurtic_/status/1759604630995251256?s=46&t=6W99USKksPCZ-tGq2x-Zbg