Excited to announce that Ethena has onboarded BTC as a backing asset to USDe This is a crucial unlock which will enable USDe to scale significantly from the current $2bn supply
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After the unprecedented growth or USDe since launch, Ethena hedges represent ~20% of ETH open interest as of today With $25bn of BTC open interest readily available for Ethena to delta hedge, the capacity for USDe to scale has increased >2.5x
@ethena_labs What's that quote about insanity and doing the same shit twice? Feel it's relevant here, for some reason
@ethena_labs wen Ethena spotify playlist?? 🔥 could play that on repeat