Ethereum

How Ethena found the PMF to convert the degen demand into stable yield:

No matter the price of Crypto, Ethena stays pegged by turning Degen demand into steady yield. 

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🔸 Ethena USDe – now ~$5.1B circulating (the largest decentralized stablecoin)​ – delivers

Sachin

How Ethena found the PMF to convert the degen demand into stable yield: 

https://x.com/ciberexplosion/status/1909257704931275143?t=JktR9MIFmapZXSorkwWFVA&s=19

Ethena's strategy to address degen demand and ensure stable yield through PMF is impressive. It will be interesting to see how this approach unfolds in the crypto space.