RT Kamino (@kamino)$50M USDe/USDG looping capacity maxed out in less than an hour.USDe scales on Kamino. https://t.co/XwaUfP3AAG ...

jupiter lend went from zero to 31% of solana lending TVL in 8 months. $390m USDe deposited within 72 hours of the ethena launch. bitwise chose to curate their first solana lending market on jupiter, not kamino. marginfi imploded to $160m TVL. kamino still has the deeper liquidity pools and 18 audits but jupiter has 2.2 trillion in lifetime DEX volume funneling users into lending with one click. 50% of protocol fees going to JUP buybacks means lending revenue is now a direct bid on the token. distribution bu ...

ethena monthly revenue went from ~$15m at peak to $363k. 97.6% decline. USDe supply down $2b YTD to $5b with redemptions accelerating. the part nobody connects: spot BTC and ETH ETFs structurally compress perp funding rates by absorbing volatility that used to flow through CEX perps. funding sits at 3-7% annualized now, which is ethena's breakeven zone after hedging costs and fees. sUSDe yields at 5-8% competing against 4.2% T-bill stables with zero smart contract risk. $2b didn't leave crypto, it rotated t ...

RT Kamino (@kamino)The Ethena Market on Kamino has crossed $100M in USDe supply. https://t.co/XUY2DGGvc2 ...

RT Kamino (@kamino)The USDe supply in the Ethena Market on Kamino has crossed $75M.Leveraged USDe positions are earning 20%+ APY on Solana's largest isolated lending infrastructure. https://t.co/jxp1q1pako ...

ethena just pulled off the most aggressive stablecoin expansion in defi history. $700m of their own USDG deployed to solana specifically so users can borrow it, swap to USDe, and re-deposit at 12.5x leverage. USDe on solana went from $3.5m to $70m in 24 hours. both sides of the loop are issued by the same entity. stargate had to raise bridge limits to $30m/hour because demand broke the pipes. 36% APY on a stablecoin leverage loop where both tokens come from the same issuer running delta-hedged perp books. t ...

RT Token Relations (@TokenRelations)NEW: @JupiterExchange, @Bitwise, @ethena, and @0xfluid launch curated USDe lending vault on Jupiter LendThis allows users to deposit Ethena’s USDe as collateral and borrow against it, with Bitwise overseeing risk parameters and Fluid powering the lending infrastructureEarlier this year, Bitwise CEO @HHorsley shared with us that eventually “every fintech and neobank will have stablecoins integrated” and users will increasingly be able to “do more” with their stablecoin bal ...

RT Kamino (@kamino)Introducing the USDe Growth Initiative on Kamino.Users can now loop USDe on Kamino's dedicated @ethena Multiply vault to earn over 20% Net APY at launch, with auto-compounded yield, and liquidation protection.It’s USDe season on @solana, powered by Kamino. https://t.co/s5x1ty0Jyz ...