🚀$ENA MAY HAVE JUST OPENED THE DOOR TO A $150T MARKET — AND $USDE COULD BE THE BIG WINNER.
Ethena is taking the USDe yield strategy beyond crypto by expanding into RWA and equity perpetuals through Binance.
The idea is simple: buy the tokenized spot asset, short the matching perpetual, and capture the spread + funding while keeping the position delta-neutral.
The interesting part? This equity basis trade has reportedly averaged around 11% over the past six months, creating a potentially much larger yield opportunity than traditional short-term Treasury returns.
$USDe supply is already around $4.8B, while basis trading has grown from roughly 1% of its backing to nearly 20%.
If this strategy continues scaling, demand for $USDe could accelerate — and that could put #ENA back in the spotlight.
$ENA has already surged over 100% recently.
The bigger question now: is this just the beginning of Ethena’s next expansion phase? 👀
Ethena is taking the USDe yield strategy beyond crypto by expanding into RWA and equity perpetuals through Binance.
The idea is simple: buy the tokenized spot asset, short the matching perpetual, and capture the spread + funding while keeping the position delta-neutral.
The interesting part? This equity basis trade has reportedly averaged around 11% over the past six months, creating a potentially much larger yield opportunity than traditional short-term Treasury returns.
$USDe supply is already around $4.8B, while basis trading has grown from roughly 1% of its backing to nearly 20%.
If this strategy continues scaling, demand for $USDe could accelerate — and that could put #ENA back in the spotlight.
$ENA has already surged over 100% recently.
The bigger question now: is this just the beginning of Ethena’s next expansion phase? 👀
