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X @Bankless
Bankless· 2025-10-01 18:06
Crypto Defies Inauspicious Macro Backdrop https://t.co/f65MXCkqYW ...
X @Bankless
Bankless· 2025-10-01 14:00
The Bankless Summit has an Afterparty!After a full day of talks, the fun continues at @fede_intern's wine bar in Palermo!One Bankless Summit ticket = a whole day of fun :DBankless (@BanklessHQ):40 Days Until the Bankless Summit!Tue, Nov 18th - TED Talks, for Ethereum✨==========For @EFDevconnect, 12 speakers are working hard to give their most passionate and educational talk about something they beliETH inNo performative panels - only high quality, speaker-driven https://t.co/sbUGNVivRd ...
X @Bankless
Bankless· 2025-10-01 13:10
Ethena's Core Strategy - Ethena is reimagining stablecoins by designing USDe to generate yield for traders using it as collateral across major exchanges [1] - The protocol employs a delta-neutral strategy, using crypto collateral and short positions to maintain USDe's peg [2] - Ethena generates yield from funding rates and staking rewards, passing these on to sUSDe holders, resulting in a 19% average return in 2024 [3] USDe's Unique Positioning - USDe differs from traditional stablecoins like USDT and USDC, focusing on yield generation and capital efficiency rather than payment velocity [3][4] - Approximately 78% of USDe is positioned to earn yield, with 42% in the sUSDe staking contract and 26% in centralized exchanges [5] - During market crashes, Ethena retained an average of 762% of its TVL, exceeding blue-chip lending protocols like Aave at ~62% [5] Derivatives Market Focus - Ethena's primary growth strategy is to become the default collateral for derivatives trading, which accounted for 68% of all cryptocurrency trading in 2024 [7] - USDe offers capital efficiency by allowing traders to cover trading costs with yield and build collateral buffers automatically [7][8] - Major exchanges like Bybit, Deribit, MEXC, Gate, Binance, Kraken, and Coinone have integrated USDe as collateral [8] Regulatory Strategy - Ethena is building inroads with TradFi through USDtb, which is backed by tokenized U S Treasuries [9][10] - USDtb offers regulatory clarity for institutional players, aligning with current and proposed regulatory standards [10] - USDtb accounts for approximately 125% of Ethena's total stablecoin supply, serving as a bridge to traditional finance [11]
X @Bankless
Bankless· 2025-09-30 19:03
Financial Performance - Revenue increased by 8% to $9677 billion in the September quarter [2] Market Dynamics - iPhone achieved a revenue record in the China market [1][2]
X @Bankless
Bankless· 2025-09-30 19:03
T-Minus Hours: U.S. on Brink of Midnight Shutdown https://t.co/1gQco7qnqz ...
X @Bankless
Bankless· 2025-09-30 18:00
Listen to the full episode👇https://t.co/y3MHsYP0uhSpotify:https://t.co/Cs7RToC2a2YouTube:https://t.co/RVk5ocibQT ...
X @Bankless
Bankless· 2025-09-30 18:00
“Last cycle, everybody was calling for 150–300k Bitcoin… and it just never really played out.""That trauma almost can force you into another mistake if you’re not actually paying attention to the data and you’re just going off what some other influencer is saying"- @JustDeauIt from @the_defi_report ...