hiddengem

Ethena: The new LUNA - UST?

A thread 🧵👇

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Ethena is offering an APY of over 27% for stablecoin sUSDe. People would think “Where is the yield coming from?”

=> From 2 sources:

- $ETH staking rewards: 4-6% per year.

- The premium from selling futures contracts: 20-40% in bull markets.

Full-time crypto researcher. Tech enthusiast.
X: @WSG_research
/police, /buzz admin

Thanks ser,

Many whales on Ethereum have deposited millions USD into Ethena. Along with the influence of Arthur Hayes, I think we need to follow closely.

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