X @Bankless

Ethena, last year's most scrutinized protocol, has excelled by reimagining stablecoins.Instead of payments, USDe's designed to make every dollar work harder for traders, earning yield while posted as collateral across major exchanges.Here's how Ethena is becoming the default collateral for crypto derivatives trading.👇~~ Analysis by @davewardonline ~~The Delta-Neutral MachineInspired by Bitmex co-founder @CryptoHayes's 2023 piece "Dust on Crust," @ethena_labs's flagship product is USDe, a stablecoin designed ...