🚨 Ethena Just Ended USDe Incentives — And Expanded Into Real Stocks
Two structural moves landed in the same window.
First — the emissions era is closing.
Ethena announced that all token incentives and inflation linked to USDe will be fully discontinued by the end of this month.
No further distributions will follow.
Second — the reserve strategy just went beyond crypto.
Ethena expanded the basis-trading model behind USDe to include Binance’s tokenized U.S. stocks as spot collateral, hedged with stock perpetual contracts.
Founder Guy Young called it the most significant expansion of the funding mechanism since launch.
The fee switch directing the large majority of net revenue toward ENA buybacks is already approved.
Most traders still watch the daily candle.
The product is shifting from incentives to revenue and real-world collateral.
Click $ENA below and check the live price right now.
$ENA
.
.
#ENA #Write2Earn
Not financial advice. DYOR.
Two structural moves landed in the same window.
First — the emissions era is closing.
Ethena announced that all token incentives and inflation linked to USDe will be fully discontinued by the end of this month.
No further distributions will follow.
Second — the reserve strategy just went beyond crypto.
Ethena expanded the basis-trading model behind USDe to include Binance’s tokenized U.S. stocks as spot collateral, hedged with stock perpetual contracts.
Founder Guy Young called it the most significant expansion of the funding mechanism since launch.
The fee switch directing the large majority of net revenue toward ENA buybacks is already approved.
Most traders still watch the daily candle.
The product is shifting from incentives to revenue and real-world collateral.
Click $ENA below and check the live price right now.
$ENA
.
.
#ENA #Write2Earn
Not financial advice. DYOR.
