⚡️ @Binance's bStocks Power Ethena's Expanded USDe Backing
@Ethena is expanding the basis trade behind $USDe into equities, using Binance's @bstocksfinance as tokenized spot collateral and Binance equity perpetuals to hedge the position.
#Binance 's equity perps carry over $2.9 billion in open interest, growing at a 105% compound monthly rate this year, with the equity basis averaging 3.56% annualized over the past six months.
Ethena founder @gdog97_ called it "the most significant expansion of USDe's funding mechanism since we started."
- by CryptoDep
$ENA
$BNB
@Ethena is expanding the basis trade behind $USDe into equities, using Binance's @bstocksfinance as tokenized spot collateral and Binance equity perpetuals to hedge the position.
#Binance 's equity perps carry over $2.9 billion in open interest, growing at a 105% compound monthly rate this year, with the equity basis averaging 3.56% annualized over the past six months.
Ethena founder @gdog97_ called it "the most significant expansion of USDe's funding mechanism since we started."
- by CryptoDep
$ENA
$BNB
