Terminal Finance, a decentralized exchange (DEX) incubated by Ethena Labs, has gathered more than $280 million in total value locked (TVL) ahead of its upcoming launch at the tail end of this year, according to DefiLlama. The pre-deposit phase spanned three capped vaults holding 225 million USDe, 10,000 ether (ETH), and 100 bitcoin (BTC). Data from DeFiLlama shows the vaults have reached full capacity. Terminal is positioning itself as the main DEX for the Ethena ecosystem, which centers on USDe, Ethena’ ...

来源：市场资讯 （来源：吴说） 作者：Ethan Chan & Hannah Zhang 编译：深潮 TechFlow 资本成本降低 → 流动性增加 → 加密货币看涨。 但现实情况更为复杂。市场早已对降息预期进行了定价，而资金流入 BTC 和 ETH 的规模并未出现立刻的激增。 因此，我们不要停留在表面层面，而是来研究一下降息如何影响 DeFi 的一部分——借贷。 像 Aave 和 Morpho 这样的链上借贷市场，动态定价风险，而非依赖监管机构的指令。然而，美联储的政策为这一背景提供了重要参考。 当美联储降息时，有两种相反的力量在发挥作用： 1）反向效应：美联储利率下降→链上收益率上升，因为人们寻求非相关的资产 资本在寻找传统国债和货币市场基金之外的收益时，可能流入 DeFi，从而推动利用率提高并使链上利率上升。如果我们对比 Aave 上 USDC 的供应年化收 益率（Supply APY）与 SOFR（担保隔夜融资利率），就能看到这一趋势在美联储9月降息前逐步显现。 原文链接：https://www.techflowpost.com/article/detail_28277.html 声明：本文为转载内容 ...

RT Ethena Labs (@ethena_labs)Here's what happened @Ethena_labs in September:• USDe & USDtb TVL crossed $16B, with USDe supply hitting $14.5B• Partnered with @Binance to integrate USDe across entire platform of 280M+ users, $190B+ assets, scaled to $3B USDe in a week• Ethena launched on @PlasmaFDN as a core dollar asset within their DeFi ecosystem, growing to >$1B in supply in a few days• USDe listed on @krakenfx, the first US exchange listing• USDe listed on @CoinoneOfficial the 3rd largest exchange in Kore ...

RT Folks Finance (@FolksFinance)Ethena $USDe and $sUSDe are live on Folks 🔺The synthetic dollar from @ethena_labs and its staked version are now available on @avax for deposits, collateral, and crosschain borrowing.Looping on Folks unlocks amplified staking & lending yield + extra incentives + points! 👇 https://t.co/Tg9lV7ensR ...

If there's one thing to take away about stablecoins its Sam's idea around the two types of stablecoins:1. Yield bearing, unregulated permissionless stablecoins, things like sfrxUSD or sUSDe.2. GENIUS compliant. Regulated, riskless as much as possible economically, digital dollar that is a payment method, a settlement currency.Really quality vision for what's likely to persist in the future for stables.Stabled up episode one was a success.The Rollup (@therollupco):We asked @samkazemian how @fraxfinance diffe ...

Avalanche adds two giants to DeFi 🔺sUSDe from @ethena_labs is live, a scalable reward-bearing stable asset.Together with @pendle_fi it unlocks fixed and variable yield markets on Avalanche’s low fee, sub second rails. https://t.co/WQ9ARWOcql ...

RT Tom Wan (@tomwanhh)From Curve to Fluid, the shift in the primary liquidity hub for Stablecoins on Ethereum.Curve's Dominance from 2020 to 2024:During the DeFi summer, Curve built the deepest stablecoin liquidity on mainnet with its 3pool. At its peak, 3pool had $6B in DAI/USDT/USDC liquidity, making Curve the key venue to monitor potential liquidity risk for stablecoins. With its deep liquidity, Curve dominates stablecoin-to-stablecoin volume on mainnet, capturing over 40% market share.The Rise of Fluid ...