Ethena offers 27% on stablecoins but where is the yield coming from?

Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.
Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.
Starknet’s airdrop has caused consternation across crypto Twitter, with problems around fair distribution and token unlocks.
Since Ethereum’s Merge in 2022, more than 40% of blocks have apparently sanctioned wallets on the Specially Designated Nationals List.
Blast is the latest layer 2 on Ethereum to attract widespread criticism while still amassing hundreds of millions of dollars in TVL.
Steven Nerayoff is a former advisor to early Ethereum insiders but he’s become disenchanted and he brings original receipts.