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
$93,758.31-0.95%
Ethereum24h
$1,793.12-1.47%
XRP24h
$2.26+2.79%
BNB24h
$603.80-0.59%
Solana24h
$148.46-0.37%
Dogecoin24h
$0.1800-0.97%
Cardano24h
$0.7056-0.29%
TRON24h
$0.2458-2.42%
Sui24h
$3.57+0.94%
Chainlink24h
$14.61-1.80%
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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