Ethena Labs' USDe stablecoin yield has sparked initial concerns in the cryptocurrency community, reflecting a maturing industry following the collapse of the Terra-LUNA ecosystem, according to Guy Young, the founder of Ethena Labs. The USDe stablecoin, launched on the public mainnet on Feb. 19, currently offers a 27.6% annual percentage yield (APY) on the Ethereum blockchain. This significant yield has raised doubts about the protocol's economic viability, especially considering the collapse of Anchor Protocol on Terra's UST in May 2022. Young explains that unlike Anchor Protocol, Ethena Labs' USDe yield is transparent and verifiable, generated through staking returns and shorting Ether perpetual futures contracts. Jae Sik Choi from Greythorn Capital highlights the unsustainable nature of Anchor protocol's yield compared to the dynamic approach offered by USDe. Additionally, other platforms like Pendle Finance's staking pools provide high yields, with the ezETH pool offering a fixed 41% APY for staked Ether. Read more AI-generated news on: https://app.chaingpt.org/news