Ethena Hits $800M Rewards as USDe Hits $100M on Monad
Photo: TronWeekly
Ethena has crossed a line in its development as a synthetic dollar protocol. In the October update, the team shared that it has distributed over $800 million in total rewards to date and added expansion to support USDe on Base, XLayer, and Monad, as well as added infrastructure through whitelabel and payments. Per its update, ENA has distributed more than $800 million in total rewards to USDe holders and sUSDe stakers. The number is indicative of the protocol’s yield-bearing dollar, supported through delta-neutral hedge involving staked ETH and short perpetual futures. October saw three product launches.
Source: TronWeekly
