$ENA is one of the most undervalued coins in the top 50.
August was a busy month. Here's what happened @ethena_labs:
- USDe crossed $12B market cap, the fastest digital dollar in history to reach this milestone
- USDe outpaced all USD assets in notional supply growth
- Ethena crossed $500M in cumulative gross interest revenue
- $30M+ USDe of rewards distributed in the last 30 days
- Ethena Risk Committee established Eligible Asset Framework for perpetual futures collateral, approving $BNB as first new eligible asset with $XRP and $HYPE meeting onboarding thresholds
- Liquid Leverage went live on @aave, with @DeFiSaver enabling full setup execution in a single transaction and rewards distributed via @Merkl_xyz
- Institutional investors gained direct access to USDe through @CoinbaseInsto
- @CoinList expanded its Earn program with USDe offering 12% APY
- sUSDe launched and is now live on Aave on @Aptos
- Ethena assets on @aave crossed $6.6B in total deposits across USDe, sUSDe, and PT assets
- Since launch, Liquid Leverage on @aave has grown to ~$2b across USDe & sUSDe deposits
- Ethena assets now comprise over 70% of @pendle_fi's $10B TVL, representing over $7B
- @strata_money launched on @GearboxProtocol with leveraged pUSDe PT markets, offering users up to 11X leverage on Pendle's pUSDe PT through their perpetual risk tranching protocol
- @strata_money hit $100M in pre-deposits in 25 days
- @infiniFi_ crossed $95M TVL
- @Terminal_fi's PT-tUSDe offering 16%+ fixed yield APR hit its vault cap on @eulerfinance in just 2 weeks
- First @WildcatFi USDe market launched, allowing users to lend USDe to @hyperithm for 11.5% APR plus 20x Ethena Points
- @Re launched Points program for reUSD and reUSDe holders to earn daily rewards
- @etherealdex began preparations for Mainnet deployment in September as Season Zero concludes
- Supported @ton wallet "Dollars Earn" program offering 20% APY on deposits
Another month of Enabling Internet Money
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