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.
Bitcoin24h
$94,446.13+0.78%
Ethereum24h
$1,815.17+2.25%
XRP24h
$2.22+1.16%
BNB24h
$603.08-1.07%
Solana24h
$151.40-2.06%
Dogecoin24h
$0.1853+1.76%
Cardano24h
$0.7276+1.12%
TRON24h
$0.2463+1.12%
Sui24h
$3.53-2.49%
Chainlink24h
$15.11+0.01%
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.
-
Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT—by Protos Staff
-
Has your senator invested in cryptocurrency?—by Protos Staff
-
Zora abandons NFTs without warning, launches airdrop with zero rights—by Protos Staff
-
BlackRock and MicroStrategy hold more BTC than Satoshi—by Protos Staff
-
What’s the deal with Zora, Base, and content coins?—by Protos Staff
-
Abandoned DeFi websites used to host crypto wallet drainers—by Protos Staff
-
Chinese chip used in bitcoin wallets is putting traders at risk—by Protos Staff
-
MicroStrategy bought BTC at nearly the worst possible price last week—by Protos Staff
-
Gold has outperformed bitcoin by nearly 40% this year—by Protos Staff
