GMGM Woke up and got liquidated again đĽ˛
Even though I didnât get to buy much Uni Nearâbasic fundamentalsâtype old coins, and I also didnât get any new coins like BP that are completely controlling the float, this ENA rallyâs upside was still fully captured
From the first time I posted to interpret the collusion between Black and ENA until now, ENA has already surged 4x. Since Iâve been adding on the way up with unrealized gains, Iâm roughly up 2x
Itâs only been a little over a month, and Iâm quite satisfied
Recently Ethena also brought more good news âŹď¸
Ethena completed its SOC 2 Type II audit and received an independent auditorâs report of âUnmodified Opinion, No Exceptionsâ
For those who havenât learned accounting/finance, hereâs a quick explanation: audits are generally categorized into four tiersâ
- Disclaimer of opinion
- Adverse opinion
- Qualified opinion
- Unmodified opinion
This time, Ethena received the SOC 2 designation from a credible authority: an unmodified opinion. You can understand it as, âWe looked into you and found everything is totally fine.â
Type II means that over a period of observation, the controls are tested to see whether theyâre consistently and effectively executedâgoing beyond merely reviewing the design (or an unreasonable) Type I
Take a look at what other projects have reached this stage: Circle, Chainlink, and Aave are all top-tier leaders in their respective nichesâso the value of Type II is evident
What this audit reveals is Ethenaâs determination to prioritize asset safety and transparency
And it just so happens that things are close to âHack Szn.â Security is definitely the most important thing for all projectsâno question about it
In addition, progress has also been made on the cooperation between Ethena and Binance, as well âŹď¸
Ethena Ă Binance
- USDe basis expanded from crypto to stocks: buy bStocks, short the same stock perpetual, and run Delta-neutral
- Binance is the first venue; for neutral accounts, the ADL priority is lower
- Official: collateral expanded from ~2.5T crypto to 150T+ RWA
Ethena Ă Binance Wallet
- Hold to Earn: the first batch supports only U / USDe / USDS
USDe is ~4.75% APRâthe highest among the three tiers
- Earn interest simply by holdingâno staking, no lockups
In short, good news keeps coming one after another. For a project that plays this many cards so early in the bull run, it naturally has even more follow-up plans. Iâll keep holding
$ENA
Even though I didnât get to buy much Uni Nearâbasic fundamentalsâtype old coins, and I also didnât get any new coins like BP that are completely controlling the float, this ENA rallyâs upside was still fully captured
From the first time I posted to interpret the collusion between Black and ENA until now, ENA has already surged 4x. Since Iâve been adding on the way up with unrealized gains, Iâm roughly up 2x
Itâs only been a little over a month, and Iâm quite satisfied
Recently Ethena also brought more good news âŹď¸
Ethena completed its SOC 2 Type II audit and received an independent auditorâs report of âUnmodified Opinion, No Exceptionsâ
For those who havenât learned accounting/finance, hereâs a quick explanation: audits are generally categorized into four tiersâ
- Disclaimer of opinion
- Adverse opinion
- Qualified opinion
- Unmodified opinion
This time, Ethena received the SOC 2 designation from a credible authority: an unmodified opinion. You can understand it as, âWe looked into you and found everything is totally fine.â
Type II means that over a period of observation, the controls are tested to see whether theyâre consistently and effectively executedâgoing beyond merely reviewing the design (or an unreasonable) Type I
Take a look at what other projects have reached this stage: Circle, Chainlink, and Aave are all top-tier leaders in their respective nichesâso the value of Type II is evident
What this audit reveals is Ethenaâs determination to prioritize asset safety and transparency
And it just so happens that things are close to âHack Szn.â Security is definitely the most important thing for all projectsâno question about it
In addition, progress has also been made on the cooperation between Ethena and Binance, as well âŹď¸
Ethena Ă Binance
- USDe basis expanded from crypto to stocks: buy bStocks, short the same stock perpetual, and run Delta-neutral
- Binance is the first venue; for neutral accounts, the ADL priority is lower
- Official: collateral expanded from ~2.5T crypto to 150T+ RWA
Ethena Ă Binance Wallet
- Hold to Earn: the first batch supports only U / USDe / USDS
USDe is ~4.75% APRâthe highest among the three tiers
- Earn interest simply by holdingâno staking, no lockups
In short, good news keeps coming one after another. For a project that plays this many cards so early in the bull run, it naturally has even more follow-up plans. Iâll keep holding
$ENA
