Ethena partners with Binance, bringing the USDe margin mechanism to the tokenized stock market.
Ethena Labs has just expanded its yield generation (basis trade) model for USDe into traditional securities, using Binance’s bStocks as spot collateral while opening short positions on equity perpetual derivatives contracts to hedge risk.
This structure helps eliminate most stock price volatility, while the profit comes from the funding rate and the spread between the spot and derivatives markets.
Binance is currently recording more than $2.9 billion in open interest on equity perpetuals, with an average equity basis of around 3.56% per year over the past six months.
This move marks a major step for USDe (with current supply of about $4.9 billion) in reducing reliance on the BTC/ETH basis trade, toward diversifying revenue sources into real-world assets (RWA) and equities.
This article is for news and entertainment purposes only and is not investment advice. If you hold USDe and receive smooth profits, then it’s because Ethena calculated well; but if the stock market starts dancing and gives you a scare, then that’s entirely due to fate—the writer bears no responsibility.
#Ethena #Binance #USDe #CryptoNews #TokenizedStocks
Ethena Labs has just expanded its yield generation (basis trade) model for USDe into traditional securities, using Binance’s bStocks as spot collateral while opening short positions on equity perpetual derivatives contracts to hedge risk.
This structure helps eliminate most stock price volatility, while the profit comes from the funding rate and the spread between the spot and derivatives markets.
Binance is currently recording more than $2.9 billion in open interest on equity perpetuals, with an average equity basis of around 3.56% per year over the past six months.
This move marks a major step for USDe (with current supply of about $4.9 billion) in reducing reliance on the BTC/ETH basis trade, toward diversifying revenue sources into real-world assets (RWA) and equities.
This article is for news and entertainment purposes only and is not investment advice. If you hold USDe and receive smooth profits, then it’s because Ethena calculated well; but if the stock market starts dancing and gives you a scare, then that’s entirely due to fate—the writer bears no responsibility.
#Ethena #Binance #USDe #CryptoNews #TokenizedStocks