How Binance’s USDe ‘depeg’ cost the exchange millions
During the chaos, Ethena’s “synthetic dollar” USDe briefly traded at just $0.65 on Binance. The exchange has reimbursed victims with $283M.
Bitcoin24h
$90,601.01-0.62%
Ethereum24h
$2,990.43-2.07%
XRP24h
$2.19+0.19%
BNB24h
$872.11-1.65%
Solana24h
$135.63-1.39%
TRON24h
$0.2808-0.29%
Dogecoin24h
$0.1482-1.75%
Cardano24h
$0.4144-1.56%
Hyperliquid24h
$34.33-0.81%
Bitcoin Cash24h
$519.37-5.94%
MakerDAO could back a billion Dai with Ethena’s ‘synthetic dollar’ USDe
MakerDAO says the vault would start with a cap of 600 million Dai, which could be adjusted up to 1 billion according to demand and risk.
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.
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Jim Chanos missed out on extra 85% annualized from MSTR short—by Protos Staff
