X @Andy

Ethena's entire mechanism is designed for lower rates.I remember asking Guy ab this in our pod with Arthur Hayes earlier this year, and I'm sure they have been waiting patiently for this moment as a team.Perpetually salty that our fund missed this early stage deal last bear, probs the biggest miss for us.Oh well, ticker is $ENA and this is the new era of DeFiG | Ethena (@gdog97_):During the last rate cuts in Q4'24 we saw funding benchmarks widen as a spread to tbills from ~0% to more than 20% in the space o ...