GMoca 👁️ @ethena_labs will end S4 on 9/24 and will also airdrop $ENA. Like Marvel and The Conjuring, ethena seems to be developing its own universe, actively laying out its ecosystem. The main products under Ethena include @etherealdex, @Terminal_fi, and @strata_money. Ethereal An on-chain exchange that facilitates $USDe trading and provides $sUSDe yield. Users can earn interest while using it as collateral; liquidity is key. Terminal An on-chain DEX similar to Uniswap, it prevents impermanent loss when LPing with other tokens by splitting $sUSDe. Users can earn both LP fees and $sUSDe interest simultaneously. Strata Aims to address the instability of $sUSDe yields by splitting the yield into "stable lower interest" and "floating higher yield" parts. -> Similar to Pendle's PT/YT model to meet the needs of users with different risk preferences. Start achieving more with less 🐟 🫵 1. @etherealdex Ethereal s0 has ended, and you can continue to deposit $USDe into Terminal or Strata to earn points. Participating in YT/LP can earn you 60x project points + 50x $ENA points. Depositing in Strata also grants additional Ethereal points. Alpha: If you participated in Season 0, you can still get a 100% boost ⬇️ 2. @Terminal_fi Is an important project being nurtured by Ethena, and $TML may become the first native token of Convergechain. (Convergechain is a channel for institutional capital inflow, attracting well-known asset issuers like BlackRock and VanEck.) Currently, Terminal has opened a new $tUSDe pool on Pendle. I directly bought YT, and I guess TGE might happen this year. 3. @strata_money Holding YT-pUSDe allows you to earn Strata, Sats, and Ethereal points simultaneously (Strata's Season 0 is expected to end on 10/16, with total points possibly reaching 1000B). Also, after buying YT-pUSDe, remember to get the DC role (important!!) Special thanks to the following mentors; after reading their insights, I had more ideas 🫡 @Nickp_xxx @0xlemoneth @border_crypto