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
$83,519.28-1.37%
Ethereum24h
$1,825.21-2.87%
XRP24h
$2.06-1.66%
BNB24h
$607.28+0.69%
Solana24h
$119.96-3.56%
Dogecoin24h
$0.1661-2.47%
Cardano24h
$0.6559-1.70%
TRON24h
$0.2369-0.68%
Toncoin24h
$3.81-4.81%
Chainlink24h
$13.26-3.32%
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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