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郑伟 Zhang Wei crypto
ENA isn’t just betting on crypto going up — it’s betting on traders getting more leveraged.
Here’s the simple version:
Ethena creates USDe and hedges it with short positions. When traders pile into leveraged longs, they pay funding fees to those shorts.
Ethena collects that funding.
More leverage → more funding → higher yield for sUSDe holders → more deposits → bigger USDe supply → more capital for Ethena to generate yield from.
That’s the flywheel.
#DailyOrbit
Ansvarsfriskrivning: OKX Orbit-innehåll tillhandahålls endast i informationssyfte. Läs mer
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