When crypto markets are booming and funding rates — the interest paid by bullish traders to take on leverage for futures bets — are high, the mechanism Ethena relies on can translate into sky-high yields
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Ethena Crypto Project Raises $100 Million to Fund Finance Foray
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USDe, due to the usage of futures as a hedge for it’s reserves, if market conditions are favorable, is able to generate substantial yields, which traditional stablecoins do not provide
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